Forum Fodder NZ

PortfolioConstruction Forum

 

 

 

 

 

 

Our regular Forum Fodder NZ email alerts Members to what's new on this site and with our live professional development progams. A sample of the Forum Fodder NZ email is below.  Become a Member (with our compliments) to receive Forum Fodder and access our multi-media learning centre, PortfolioConstruction.com.au (this site) featuring:
- Resources Kits - videos and podcasts of the sessions and accompanying papers from our live programs;
- Perspectives library - exclusive interviews, research papers, white papers, opinion papers and special interest; and,
   subscription services from local and international investment professionals and subject matter experts.


Friday 29 April 2016

Specialist, independent investment continuing education & certification for portfolio construction practitioners

Brexit or Breturn?
This week, Fodder leads with internationally renowned economic and financial historian, Professor Niall Ferguson, reflecting on the lessons history provides for those supporting "Brexit". Niall is an exceptional communicator both in writing and in person. Seven years ago, I had the privilege of leading a group of research analysts to a Harvard Business School executive education course led by Niall and have kept in touch - and, he's recently agreed to present in person at our upcoming Symposium in May on the topic "Secular Stagnation or Inflection Point?".  It's a very rare opportunity to hear from one of the world's foremost economic and geopolitical commentators.
All
the best for a great weekend's continuing education - Graham
P.S. Hear Prof Ferguson present in person at PortfolioConstruction Forum Symposium 2016 (17 May)

LATEST...

Brexit now and we will only have to Breturn
History's lesson is that British isolationism is a trigger for continental disintegration. A vote for Brexit will mean Britain will only have to "Breturn" sooner or later, to sort out the ensuing mess.
Niall Ferguson, Harvard University |
Opinion
* Hear Prof Ferguson at PortfolioConstruction Forum Symposium 2016 (17 May 2016)

The US election - sound the trumpets?
We expect the US election to start mattering to markets at the end of August, once the two candidates are chosen. Given the rhetoric on the campaign trail and the possibility of an anti-establishment President, policy uncertainty will rise and the US equity risk premium with it.
Marko Papic, BCA Research |
Opinion

Eight core ideas to guide retirement income planning
Retirement income planning is a relatively new field that differs from traditional wealth accumulation. Eight key ideas serve as a manifesto for my approach to retirement income planning.
Wade D. Pfau, The American College |
Opinion

In defense of the Yuan
Notwithstanding an extended period of stability this year, the Chinese Yuan remains fairly high on investors' lists of global risk factors. Perceptions of vulnerability remain and are worth addressing.
Dr Robert Gay, Fenwick Advisers |
Opinion

Investment grade credit - income without destroying capital
It's possible to have your cake and eat it too. Global investment grade credit has not been this attractive in spread terms for the past six years, yet the sector has returned over 7.0% p.a. to Australian investors over the same time period.
Robert Mead, PIMCO  0.50 CE  | 1 comment |
Resources
* Rated in the top 10 presentations by Markets Summit 2016 delegates

Member comments
Ummm
Surely the Japanese experience tells us that there can not just be winners / neutrals, but also losers.
David Hyde, MC2 Wealth Comment

Down the rabbit hole
Terrific article Tim, well done. When you start looking into the Japanese economy you really can go down the proverbial rabbit hole...
James Weir, Standard Wealth Comment

Lessons from Japan
Debt levels for each of the sectors -households, business and government are all fascinating and there are lessons in each...
Tim Farrelly, farrelly's Comment

Get ready for a record-length US recovery
We see the recent trends in US labour force participation rates and the employment-to-population ratio as very positive indicators of the labour market strength I discussed in February at the Markets Summit.
Ronald Temple, Lazard Asset Management Comment

China's overcapacity
Hope springs eternal that China will see the wisdom of shutting down excess capacity but alas it is not yet so...
Robert Gay, Fenwick Advisers
Comment

RECENTLY...

Investment lessons from Japan
Often in markets, you do get the feeling that somehow we've been here before. But things are never quite the same. Looking at some examples from the past, particularly Japan, we can see what can we learn and apply to our investment decisions.
Tim Farrelly, farrelly's | 4 comments |
Opinion

News that should shock nobody
I awoke to read three pieces in the papers. These items contained news that would have surprised nobody, had global economic and market commentators been doing their job of properly interpreting the news.
Dr Woody Brock, SED |
Opinion

ZIRP & NIRP - killing retirement as we know it
Retirees and their pensions are being sacrificed for what now passes as "the greater good." ZIRP has created a massive problem for retirement savers and pension fund managers. NIRP will make their problem worse.
John Mauldin, Mauldin Economics |
Opinion

How to identify retirement resources that matter
It's a sad fact that not everyone adjusts well to retirement. It's estimated that about one third of retirees have problems adapting after leaving full time work. So why do some people fail to adapt? A Dynamic Resource Model provides a potential solution.
Dr Joanne Earl, Flinders University | 1.00 CE  |
Resources

The resources cycle is getting closer to the bottom
In a cyclical sector like commodity, deja-vu abounds for those with a long memory. As the outlook improves, equities usually rally before commodity prices, responding to improved demand forecasts.
Dr Joanne Warner, Colonial First State Gl Asset Mgmt 0.50 CE  | 2 comments |
Resources
* Rated in the top 10 presentations by Markets Summit 2016 delegates

Member comments
Anything but a new paradigm
There have been a lot of positive things that have happened in Japan over the past four years...
Matthew Sherwood
, Perpetual Australia Comment

There's nowhere to run, nowhere to hide... but plenty of risks
The longer the time frame, the higher the potential return. This is a because a longer time frame allows more time to recover from negative returns, which implies it is possible to take more risk...
Natalie Comino
, NAB Asset Management Comment

A global (quant) perspective on the Australian equities market
An interesting and informative read...
Michael Beuvink, Vision Financial Management
Comment

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