Don't confuse the winds of change with "hot air"

Robert Mead | PIMCO | 14 February 2017 | 0.25 CE

 

 

The following presentation was delivered at PortfolioConstruction Forum Summit 2017, the theme of which was "The winds of change".

Synopsis
2016: A predictive nightmare. The year began with wild statements that capitalism was dead and that clients should de-risk to cash immediately. Chinese currency devaluations, Japanese negative rates, the odds-on Bremain resulting in Brexit and likewise Trump's surprise victory all highlighted that in an environment of change, sound portfolio construction techniques were the only prudent approach to managing client capital. 2017 will be more of the same - and arguably, the breadth of potential outcomes is even wider. The biggest portfolio risk will be over confidence in assigning scenario probabilities. Don't confuse the winds of change with "hot air" when it comes to portfolio construction.

Presenter
 Robert Mead, Managing Director & Co-Head of Asia-Pacific Portfolio Management, PIMCO (Sydney)

Presentation - Recorded 14 February 2017 (21 mins)

  Slides       Podcast

More info - Contact PIMCO

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