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LATEST... |
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At the crossroads... Alpha & Smart Beta… fact, fallacy
or fantasy?
3 fundamental strategies for outperforming markets and
adding alpha
Indexing could be as problematic during the next few
decades as it has been successful in the past few. This
heightens the appeal of active management for those
brave enough to pursue it.
Dr Woody Brock,
SED
| 0.50 CE
| Resources
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At the crossroads… Decision making under uncertainty -
sensible or senseless?
Will they still need you, will they still know you, when
they're 64?
Cognitive functioning declines as we age, affecting
financial decision making. Practitioners need an
increased awareness about issues relating to aging and
cognitive decline.
Dr Joanne Earl,
UNSW
| 0.50
CPD
| Resources
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At the crossroads - insist on a very active equities
approach
Six years into a
bull market, Australian equity values are beginning to
look stretched. But large divergences in valuations
across sectors are creating great opportunities for
truly active managers.
J Morrison & Dr R Whiteoak
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1.00 CE
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Paper
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Does active share equal good performance?
High active share is
often profiled as "better" but such portfolios can
exhibit risk concentrations which may lead to volatile
return streams. Low active share funds should not be
excluded from asset allocators’ tool kit.
Ido Eisenberg & Piera Elisa Grassi, JP Morgan Asset
Management
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1.00 CE
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White Paper
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Concentrations, correlations & structural issues in
Australian equities
The increasing
concentration of the Australian stock market indices is
mirrored by the concentration of the Australian funds
management industry. What does this mean for alpha
generation?
Paul Drzewucki, Ellerston Capital
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1.00 CE
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White Paper
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Member comments
The invasion
I am impressed by the realism and research in Mr Papic's
article. I am also relieved by his optimism.
John Schofield, Broadly Based Financial Services | Comment
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RECENTLY... |
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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
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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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