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G'day
This is our last Forum Fodder for 2014 - and, as usual for the end of
each year, we highlight
suggested holiday season reading. We've picked a dozen perspectives from the
plethora we've published this year which should not be missed! We think they'll each contribute materially to
your portfolio construction continuing professional development and
challenge your views in prep for
2015.
One last "assignment" for the year!
Don't forget to register for Markets Summit (17 Feb 2015). The theme
is "Cyclical? Structural? Secular?" The US is winding down its QE
program, but Japan and Europe are ramping up. Australia's golden era of
prosperity is over. Oil prices have fallen over 35% |
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in 12 months.
Currency wars are well underway. With divergence a global theme, which
cyclical, structural and secular issues are really driving the outlook
for markets?
We look forward to
contributing further to your portfolio construction knowledge, wisdom
and skills in 2015.
Meanwhile, all the best for a relaxing and safe holiday season - Graham |
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PERSPECTIVES -
Holiday season reading |
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Capitalism, inequality, and Piketty
Thomas Piketty’s "Capital in the Twenty‐First Century" is certainly the
economics book of the year. We have been asked numerous times to
appraise his ideas.
Dr Woody Brock, SED
| White
Paper
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The single-engine global economy
The global economy is like a jetliner that needs all of its engines
operational to take off. Unfortunately, only one of its four engines is
functioning properly.
Nouriel Roubini, Roubini Global Economics
| Opinion
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Rates are going up - so don't buy fixed interest?
Everyone knows bond rates are going up - so why would you buy fixed
interest? Actually, there are three really good reasons.
Tim Farrelly, farrelly's | Opinion
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Prepare to change course
Warning, there may be rocks ahead. Reconnecting risk and return must
surely be the right focus - but thinking conventional tools will keep us
out of trouble may be a big mistake.
Alan Brown, Schroders
| Insight
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The Yin and Yang of retirement income philosophies
This white paper serves up a retirement income planning "buffet" -
reviewing the two main opposing philosophies and the range of strategies
that span the divide.
Angela Ashton, PortfolioConstruction Forum
| Research
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Managing sequencing risk - buckets v rebalancing
In managing sequencing risk, we may not be giving simple rebalancing
nearly the credit it deserves to accomplish similar or better results
than more complex approaches.
Michael Kitces, Pinnacle Advisory Group
| Research
paper
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Safe withdrawal rates in retirement - an Australian perspective
A new research paper looks specifically at withdrawal rates in the
Australian context, confirming the legislated minimums for account-based
pensions are much too high.
Angela Ashton, PortfolioConstruction Forum | Research
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Backgrounder: Finology - where investing meets investors
This Backgrounder introduces
the most important ideas within the emerging (and converging)
research field that is finology, and some of applications to
managing client portfolios.
PortfolioConstruction Forum | White
Paper
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Invest in communicating about investing
As investment professionals, we live investing every day. We spend
excessive time reporting and not enough 'rapporting.'
Prof Jack Gray, UTS| Opinion
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The power of the 3rd R
To flourish in the robo-advice era, portfolio construction practitioners
must provide clients with a positive Return on Attention (ROA), Intimacy
(ROI) and Empathy (ROE).
Dr David Lazenby, ScenarioNow Inc
| Resources
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Slick LICs
IPOs of LICs continue. But LICs have unique challenges and complexities
that make them a complicated investment decision - which is certainly
not the way they are marketed.
Dominic McCormick, Select Asset Management
| Opinion
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Insights for evaluating active management
Statistics rarely tell the story clearly. With trial and error, I found
that looking at three dimensions of performance assisted my
interpretation.
Don Ezra, Russell Investments
| White
paper
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PLUS...
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Markets Summit 2015 - Cyclical? Structural? Secular?
What's
really driving the outlook for markets? 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.
17
FEB 2015 | SYDNEY | 10+ CPD | A$525+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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