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G'day
It's a special Fodder this
week, featuring all of the pre-reading for our PortfolioConstruction Forum Markets Summit program
next week. Just
scroll down to take part - you
don't have to be attending as part of the live 500-person Markets Summit
"studio audience" to access the pre-reading. First, be
sure to read
our new
Backgrounder on Unconventional Monetary Policy (UMP), researched and
authored by PortfolioConstruction Forum's Angela Ashton and reviewed by
a range of experts. It's an
excellent white paper explaining UMP to date - why, how, and its effects
so far. It deliberately does not consider what might happen from here.
That's the mandate of Markets Summit 2014 - and from late next week |
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all Members
will be able to "attend" it via the online Markets Summit
Resources Kit featuring the videos, podcasts, and papers from the
jam-packed program. Get ready to send in your questions and comments,
and earn CPD through our online CPD Campus.
All the best for some great weekend learning! - Graham
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Perspectives -
latest |
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Backgrounder: Unconventional Monetary Policy
Researched and authored by PortfolioConstruction Forum, this
Backgrounder white paper explains why Unconventional Monetary Policy is
undertaken, how it works, what it does, whether it's inflationary, and
what some of the unintended consequences may be. Intentionally, it does
not consider what might happen from here (that's the arena of
PortfolioConstruction Forum Markets Summit 2014).
PortfolioConstruction Forum | Backgrounder
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The unintended consequences of ultra-easy monetary policy
Today's
long period of very easy money and very low yields has distorted the
financial system. This will cause unintended consequences in the near
future as QE ends.
Dr Woody Brock, SED | White
Paper
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What a wonderful world
The majority of the world will see an improvement in economic growth
this year. But, after a lengthy and linear rise, equity markets will see
much greater volatility this year.
Jonathan Pain, The Pain Report | Opinion
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The end of unconventional monetary policy
There is a broad acceptance that Bernanke's monetary policy helped stave
off another global depression. But the final verdict on unconventional
monetary policy remains years away.
David Hale, David Hale Global Economics | Opinion
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Squeezing out more juice
We are
introducing three new investment scenarios for 2014 - our base case, Low
for Longer; our bull case Growth Breakout, and our bear scenario,
Imbalances Tip Over.
BlackRock Investment Institute | Opinion
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Finding value in a coupon driven market
2013 was a transitional year, as the market woke up to the reality that
extraordinarily accommodative monetary policy would not go on forever.
What of 2014?
Greg McGreevey, Invesco | Opinion
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Inflation, uncertainty and portfolio management
Will QE ruin retirement? Looking back at the risks inflation has
presented in the past helps us look forward to the potential
consequences.
Dr Susan Gosling, MLC | Opinion
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Breaking Unconventional Monetary Policy
Breaking Unconventional Monetary Policy is going to prove too hard to
achieve. Central Banks will run scared of their political masters; QE or
an equivalent will recommence.
Nick Bullman, CheckRisk | Opinion
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From liquidity surfing to bull running
The start of the end of the Federal Reserve's money printing is expected
to reshape the global investment landscape.
Tai Hui, JP Morgan Asset Management | Opinion
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The US recovery will surprise on the upside
The start of the end of the Federal Reserve's money printing is expected
to reshape the global investment landscape.
Hamish Douglass, Magellan Financial Group | Opinion
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Diverging markets
Looking ahead, returns on emerging market debt are likely to better
reflect the diversity of the asset class. More than ever, it pays to
know your market.
Goldman Sachs Asset Management | Opinion
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Outlook on the United States
The US economy made substantial progress in 2013. The economic outlook
for 2014 appears promising -and the US equity market can continue to
appreciate.
Ronald Temple, Lazard Asset Management | Opinion
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Perspectives -
recently |
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Blowing in the wind
In December, a report on asset allocation trends and intentions of
financial planners crossed my desk. The voice in my head sang the Dylan
classic "How many times..."
Tim Farrelly, farrelly's | Opinion
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The trouble with emerging markets
The financial turmoil in emerging-market economies has returned with a
vengeance. But the threat of a full-fledged crisis remains low, even in
the Fragile Five.
Nouriel Roubini, Roubini Global Economics | Opinion
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What's causing the panic?
The bullish mood suddenly changed in early January. Here's a structure
for thinking about recent market events that may be helpful in assessing
new evidence as it comes.
Anatole Kaletsky, GaveKal | Opinion
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The role of sentiment and contrarian
investing
As we
entered 2014, the consensus on the best and worst areas to invest could
be described very simply: momentum investing ruled, contrarian investing
was dead.
Dominic McCormick, Select Investment Partners | Opinion
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Determining withdrawal rates using historical data
William Bengen is a 'rock star' of financial planning. His paper
established the 4% rule - and showed a higher exposure to equities
(approx 75%) was ideal for retirement.
Angela Ashton, PortfolioConstruction Forum | Research
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Calendar of
live programs |
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