|
G'day
We're very pleased to lead off
this week with a piece from Nouriel Roubini about the new macro-pru policies
(e.g. LVR limits) employed by central banks around the world not just
being untested -
if they fail, policymakers face an ugly tradeoff, he warns. BlackRock looks at
the implications of
a Yellen-led Fed. We kick off a new
series making the
smart beta world comprehensible (no easy task), while fund research houses
offer their views on
when performance fees are appropriate. CheckRisk's Nick
|
|
 |
Bullman
discusses
managing the 3 biggest shock risks of the next decade
to make a real difference in how we construct portfolios.
Finally, last week's piece on DFA's new research saw
several members comment for and against. Have your say!
All the best for some great weekend learning - Graham
P.S. Markets Summit 2014 registration opens Monday.
|
|
“Wealth is the ability to
fully experience life” - Henry David Thoreau
|
|
Perspectives -
latest |
|
 |
Bubbles in the broth
The
2007-2009 collapse of equity, credit
and housing bubbles
led to severe financial crises and economic damage.
Are we at risk of another financial boom and bust?
Nouriel Roubini, Roubini Global Economics | Opinion
|
|
 |
How smart can beta be?
The term
"smart beta" is comparatively new but the idea of using alternative
methods to construct investable indices has been around a long time.
Does it actually work?
Angela Ashton, PortfolioConstruction Forum | Research
|
|
 |
Managing 3 shock risks for the next decade
Three key shock risks will affect investors over the next decade,
requiring a real difference in how we construct portfolios for
retirement.
Nick Bullman, CheckRisk | Opinion
|
|
|
Research Review: Paying for performance
For what types of funds are performance fees warranted, and what is a
reasonable performance fee structure?
Compiled by PortfolioConstruction Forum | Opinion
|
|
 |
Next exit - the road ahead for the Fed
One Fed exit has become clear.
Chairman Ben Bernanke will hand over to Janet Yellen. The
second - exiting an era of ultra-loose monetary policies - is
fiendishly difficult.
BlackRock Investment Institute | Opinion
|
|
 |
Ben Brinkerhoff - You do pass judgement
It's striking to me that you comment in your
article, "It's not PortfolioConstruction Forum's place to judge," yet
the title of your article is "Why DFA's new research is flawed". Is that
not a judgment?... Comment
Deirdre Keown - It's not a judgement - it's the title of the paper
reviewed
The title of this article is the title of the paper that was being
reviewed. We always use the title of the paper being reviewed as the
title of our review… Comment
Stephen Duchesne - Growth v Value Redux, or Growth AND Value?
Like Michael Edesess I too was surprised and
somewhat disappointed to see the two titans, Fama & French, produce a
fundamentally flawed research piece... Comment
|
|
Perspectives -
recently |
|
 |
Central banks calling the shots
Central banks are likely to dominate investment news for years to come.
Most of it will be noise. However, some of it will be critically
important.
Tim Farrelly, farrelly's | Opinion | 1
comment
|
|
|
Why DFA's new research is flawed
This recent article, and DFA's subsequent silence about it, has prompted
a storm of response both for and against. Agree or not, it contributes
to our understanding of the "science" of portfolio construction.
Angela Ashton,
PortfolioConstruction Forum | Research
| 3
comments
|
|
 |
China’s wake-up call from Washington
The US debt ceiling debacle sent a clear message to its largest foreign
creditor, China - the US may now have to pay a much steeper price for
external capital.
Stephen Roach, Yale University | Opinion
|
|
 |
Gold - the lead in too many portfolios
Gold's continuing
disappointing performance has been a topic of discussion within our
walls - and most of us come down on the side of one of four possible
explanations.
Louis-Vincent Gave, Gavekal | Opinion
|
|
 |
The nature of negative returns
Recorded exclusively for PortfolioConstruction Forum, Sonal Desai argues
that it is extremely important to distinguish between sources of
negative bond returns.
Sonal Desai, Franklin Templeton Investments | Opinion
|
|
Calendar of
live programs |
|
 |
Academy 2013/2014 applications now open!
Strictly limited to a select group of 75 senior,
experienced portfolio practitioners, PortfolioConstruction Forum Academy
is a post-graduate extension program to our other professional
development programs. It will enable you to
continuously develop, test, and validate your portfolio construction
philosophy and decision-making framework.
Our Academy 2013/2014 curriculum year kicks off again on Wednesday 20
November.
Find out more
|
|
 |
Keep up to
date - follow us @PortfolioForum
There's no need to wait until
our weekly Forum Fodder email to know what's new with PortfolioConstruction Forum.
Just follow us on Twitter to hear as soon
as we release new articles on PortfolioConstruction.com.au and
registration opens for our live programs.
|
