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G'day
This is our last Forum Fodder
for 2013 - and, as usual, we highlight suggested holiday season reading.
We've picked 10 papers, thought pieces and videos from the plethora
we've published this year, which you may not have had time to read and
absorb fully at the time we published them. They'll each contribute
materially to your portfolio construction thinking and refresh your
views in prep for 2014.
One last "assignment" for the
year -
don't
forget to register for Markets Summit (18 Feb), the first of our
live professional development programs for 2014. The theme is "The Great
Escape - what will the markets be like in the QE run out?".
Unconventional monetary policy (QE, forward guidance, |
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and asset buying)
has only been tried a handful of times. How and when will it end? And
what does it mean for markets and portfolios?
Early bird registration closes
31 December. We look forward to seeing you there!
All the best for an enjoyable,
relaxing and safe holiday season - and for 2014! - Graham |
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"Education is the most
powerful weapon which you can use to change the world." - Nelson
Mandela
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Perspectives -
Holiday season reading |
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Back to housing bubbles
Five years on from the GFC, we are witnessing in many countries a
slow-motion replay of that housing-market train wreck.
Nouriel Roubini, Roubini Global Economics | 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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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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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 | 1
comment | Opinion
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It really IS different this time
I'm quite used to being alone and against the consensus. I believe the
next decade is going to see the strongest level of global economic
growth anyone today has ever seen.
Jonathan Pain, The Pain Report| Opinion
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All routes lead to the same exit
The Fed has to think of a new strategy to reopen availability
of credit - and that is a problem. At present, all routes of
Bernanke's QE maze lead to the same exit - deflation.
Nick Bullman, CheckRisk | Opinion
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Issues Paper: Lifecycle Investing
Lifecycle investing considers the whole of a person's life to ensure
acceptable standards of living are achieved consistently. It differs
from more traditional approaches in a number of important ways.
PortfolioConstruction Forum | Issues
Paper
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Managing the money-weighted return problem
Recorded exclusively for PortfolioConstruction Forum, Alan Brown argues
that what really matters to people is money-weighted rates of return.
Alan Brown, Schroders | Opinion
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Rethinking investing for income vs wealth
Recorded exclusively for PortfolioConstruction Forum, Nobel Laureate
Robert Merton discusses moving to an income goal for the retirement
phase of an investor's lifecycle.
Prof.
Robert Merton, Dimensional
Fund Advisors | Opinion
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Tailoring exposures for the Australian investor
Australians have sought offshore diversification
for years. The next logical extension is to think more deeply about how
to make offshore investments complement local ones.
Michael Blayney, Perpetual | Resources
* Awarded
Editor's Pick Award 2013 for best DDF Research Paper *
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Does lending to debtors make sense for bond investors?
Net foreign assets, a measure of a country's net
wealth, can reliably predict future defaults - allocating to countries
with net wealth not net debt leads to superior returns.
Andy Seaman, Stratton Street Capital | Resources
* Awarded
Delegates' Pick Award 2013 for best DDF Presentation *
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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
FEB 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
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.
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