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G'day
This week, Dr Woody Brock
picks up the cudgels of the active/passive debate, arguing that
seductive as it is,
the claim you can't legitimately beat the market and add alpha is
incorrect. (FYI - Woody's a live keynote speaker at
Markets Summit in February where he'll be speaking on "The
unintended
consequences of ultra-easy monetary policy") Regardless of investment
style, Simon Mawhinney asks
What's a fair long-term return from equities (and what's impossible)? Asset allocation researcher and core faculty member, Tim Farrelly,
reckons
the time is coming to add alternatives to portfolios, so start doing your homework on the many alternative assets,
structures, managers, fees, etc. |
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On which note,
Dave Whitten
outlines the case for agricultural equities in what was the second
highest rated session at Conference
this year.
Finally, continuing our smart beta series, we look at
the simplest smart beta strategy of the lot!
All the best for some great weekend learning! - Graham
P.S. Register for Markets Summit 2014 - The
Great Escape (what will the markets look like in the QE runout?)
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When you combine ignorance and
leverage, you get some pretty interesting results.
-
Warren Buffett
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Perspectives -
latest |
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It's time to look to alternatives
For the past five years, you didn't need to be interested in alternative
assets. But it's now time to start looking into alternatives to equities
and bonds.
Tim Farrelly, farrelly's | Opinion
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The logical ability to outperform the market
Efficient market theory claims you can't beat the market. Seductive as it is, this claim is incorrect, as extensive
research makes clear.
Dr Woody Brock, SED | Opinion
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Simple smart beta
Continuing our smart beta series, we dig into the simplest approach -
and whether it's just repackaging old investment ideas in higher fee
structures?
Angela Ashton, PortfolioConstruction Forum | Research
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What's a fair return?
What's a very good long-term return from equity markets? What is
impossible? What is fair? A good example is Sigma Pharmaceuticals.
Simon Mawhinney, Allan Gray | Opinion
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The global agriculture equity opportunity
Agricultural equities is the third leg of global natural resources,
joining energy and mining as an important natural resource investment
sector.
David Whitten, 90 West Asset Management | Opinion
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Perspectives -
recently |
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A lousy way to evaluate active managers
Failing to find outperformance amongst active managers may be more a
problem with the approach used to measure it, than a failure of active
management itself.
Michael Kitces, Pinnacle Advisory Group | Opinion
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comments
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Forget the yield curve - watch the Wicksellian Spread
If I only had a dollar for every time I read the US is safe from a
recession next year "since the yield curve is positively sloped."
Charles Gave, GaveKal | Opinion
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Understanding asset prices
Predictability of asset returns is one of the most important issues in
finance. This year's Nobel Prize in Economic Sciences was shared by
three pioneers in the field.
Angela Ashton, PortfolioConstruction Forum | Research
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The uncertain future of Central Bank supremacy
Advanced-country central banks are putting on the line their
independence and credibility. It's in no one's interest to see these
institutions come crashing down.
Mohamed El-Erian, PIMCO | Opinion
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Improving target-date funds
Target-date funds are one of the fastest-growing segments of the funds
industry. However, most have two shortcomings that can be improved.
AQR Capital Management | White
Paper
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Richard Haworth - Portfolio Construction
Great write Philip... It is, to me, half art half
science. The science part... we took the wrong turn around 70 years
ago with MPT. We "eat" the result of geometric returns not arithmetic
returns. Comment
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Calendar of
live programs |
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Markets Summit 2014 - The Great Escape
What will markets be like in
the great QE run out?
Established in 2009, Markets
Summit is THE investment markets scene setter of the year. The one-day
program features 20+ local and international economists, asset
allocation strategists and market specialists. Strictly limited to 510
delegates, Markets Summit will help you understand the key drivers and
outlook for investment markets, and the implications for portfolio
construction.
18
FEBRUARY 2014 | SYDNEY | 9+ CPD | A$495+GST EARLY BIRD |
Register now
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Keep up to
date - follow us @PortfolioForum
There's no need to wait until
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as we release new articles on
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