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LATEST... |
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A three box approach to building debt portfolios
With interest rates at record lows, it's a good
time to revisit how we build debt portfolios. A three
box approach can really help in making and communicating investment decisions for the
debt part of portfolios.
Tim Farrelly, farrelly's
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0.50 CE
| White
Paper
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Why bond funds don’t belong in retirement portfolios
The efficient
frontier for retirement income generally consists of
combinations of stocks and income annuities - perhaps
surprisingly, bond funds don't serve a useful role in
the optimal retirement income portfolio.
Wade Pfau, American College
| White
Paper
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The great migration - investment implications
Europe needs
migrants from a purely economic perspective. Potential
GDP growth rate is a function of productivity and labor
force growth - and Europe is weak in both.
Marko Papic, BCA Research
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White Paper
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The Middle East meltdown and global risk
With
the US on the way to energy independence, there is a
risk that America and its Western allies will consider
the Middle East less strategically important. That is
wishful thinking - a burning Middle East can destabilise
the world economically and socially.
Nouriel Roubini, Roubini Global Economics
| Opinion
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At the crossroads... Alpha & Smart Beta... fact, fallacy
or fantasy?
China is a nation at the crossroads
The reformist credibility of the Chinese government has
been severely damaged by its market intervention, which
could be very serious for the ongoing transformation of
the world’s most populous nation.
Jonathan Pain, The Pain Report
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0.50 CE
| Resources
* Rated
in the top 10
of 40 presentations by Conference 2015 delegates
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Member comments
Real Return of CPI+5% is not impossible
Michael refers to market returns which I concur with...
but what about strategies that don't necessarily provide
market return outcomes, but are uncorrelated or lowly
correlated to equity market returns...
Fergus Hardingham, FM Financial Solutions
| Comment
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RECENTLY... |
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Faith in central bank omnipotence is fading fast
Markets have a
habit of coming along and kicking you in the teeth when
you least expect it - and often when you are most
confident you know what you are doing. The bull market
in central bank omnipotence is probably over..
Dominic McCormick, Select Asset Management
| Opinion
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Crisis and complexity
Crisis and Complexity explores over a dozen economic and
financial catastrophes since 1720, focusing on both the
unique characters and historical events that shaped each
crisis as well as their common recurring pattern.
Ross Barry, First State Super
| Opinion
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At the crossroads... Retirement income certainty - is it
an oxymoron?
3 strategies to manage retirement income uncertainty
The danger that
“sequence of return risk” can devastate a retirement
portfolio is both increasingly recognised and frequently
misunderstood. Three concrete, research-driven
strategies can help manage it.
Michael Kitces, Pinnacle Advisory Group
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1.00 CE
| Resources
* Rated
in the top 10
of 40 presentations by Conference 2015 delegates
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A widely accepted portfolio construction flaw
The typical approach to portfolio construction in the
world of financial planning is a two-step process
encompassing asset allocation and investment selection.
It is the second step where a major flaw exists.
Michael Furey, Delta Research & Advisory
| Opinion
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In defence of manager research
Three Oxford University professors wrote a research
paper in 2013 severely criticising consultants for
failing to pick winners via their fund manager research.
The New York Times picked it up. But the fact that
consultants couldn't identify gold medal winners in
advance doesn't matter. Consistent silver is better than
occasional gold.
Don Ezra, Russell Investments
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Opinion
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Member comments
Thanks for responses
I don't think I was implying that they're holding onto
assets at all...
Michael Furey, Delta Research & Advisory
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FOFA considerations
One of the big problems confronting advisers today is
the massive level of compliance in relation to fund
switching
etc, under the FOFA rules.
Steve Blizard, Roxburgh Securities
| Comment
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