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LATEST... |
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Adjusting portfolio allocations based on your job
Arguably, the future of designing portfolios for
accumulators in particular is that the asset class and
sector exposures of the portfolio should be adjusted
around the risk/return characteristics of the worker's
job.
Michael Kitces, Pinnacle Advisory
| White
Paper
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Multi-asset
Active share – winning the game of loans
There are two
possible outcomes from the extreme debt levels in the
global economy - high inflation or long-term below trend
growth. The key dilemma is how to minimise this
uncertainty and return dispersion.
Warryn Robertson, Lazard Asset Management Pacific Co.
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0.75 CE
| Resources
* Rated
in the top 10
of 40 presentations by Conference 2015 delegates
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The finance industry is
destroying the US economy
According to a
Harvard Business School study, the percentage of US GDP
attributable to the financial industry tripled from 1950
to the 2000s. Has any of this increase improved the
services rendered by the financial services industry to
the real economy?
Michael Edesess, EDHEC-Risk Institute
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Opinion
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The imaginary threat of short-termism
The idea that financial markets are too focused on the
short term is gaining ground in the media, academics and
now, politicians. Upon closer inspection, the supposed
negative consequences of investor short-termism appear
not to be happening at all.
Mark Roe, Harvard Law School
| Opinion
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Equity - Global
Factor Investing must be a strategic allocation
By avoiding
unrewarded risk and by avoiding going against other
factors, the risk return profile of factor investing
portfolios can be improved further.
Rob van Bommel, Robeco
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0.75 CE
| Resources
* Rated
in the top 10
of 40 presentations by Conference 2015 delegates
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Member comments
Earnings on investments
The analysis ignores income from investments. This
partially replenishes the cash flow box and reduces the
required initial size of the cash flow box.
deLancey Worthington, Segue Financial Services | Comment
Earnings on investments
...A
good point. It does depend on how conservative you want
to be - and relates to how stable you consider the
income streams..
Tim Farrelly, farrelly's
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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
| 2
comments
| 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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1 comment
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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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