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PortfolioConstruction Forum







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Friday 27 April 2018


Specialist, independent investment continuing education & certification

Forum Fodder | Friday 27 July 2018
Being ignorant is not so much a shame, as being unwilling to learn. - Benjamin Franklin
All the best for another week's continuing education!
- Graham


The global economy's uncertain future

The sustainability of global growth depends largely on the US and China. One hopes that someone close to Trump can turn him around before his policies derail the world's long-awaited recovery.
Jim O'Neill, Manchester University |

Philosophy | Markets | Strategies | Investing | Finology
Strategies Conference 2018 - "Future-proof portfolios?"
Portfolio construction is an exercise in long-term thinking, seeking to meet the distant future financial needs of individuals. Strategies Conference 2018 will facilitate debate on contemporary and emerging portfolio construction strategies, with particular emphasis on the challenges of building future-proof portfolios.
22-23 August 2018 | 13 CE Hours |
Register now!

Markets | Strategies
Licence to tilt - DAA can overcome lower returns
Historical asset allocation methods will not generate appropriate returns in the period ahead, driving the need to be more dynamic to increase both absolute and risk-adjusted portfolio returns.
Kej Somaia, Colonial First State Global Asset Management | 0.25 CE |

Finology | Investing
Why do older Australians save?
A recent study gives us a better understanding into the decisions made by older Australians between consumption and saving.
David Knox, Mercer |

Lend your voice to new research on best practices in client understanding
Capital Preferences has initiated research on how advisers go about understanding their clients. Take their survey by 31 July and receive a customised report comparing your approach to your peers'.  
Take the survey

Markets | Strategies
Bonds are more important than ever
The diversification benefits of bonds increases in a low yield market, and bonds remain one of the best instruments available to investors looking for liability matching as they approach retirement.
Dean Stewart, Macquarie Investment Management | 0.25 CE |

Markets | Strategies
Europe: it's a long way to the top
It is doubtful that "safe" exposures (global consumer giants) will earn investors strong returns from this point – shift gears rather to domestic European exposures.
Nik Dvornak, Platinum Asset Management | 0.25 CE |

Markets | Investing
Netflix will be the next dominant digital business
Over-the-top streaming will become the dominant form of media consumption, and Netflix will be the dominant global provider. Near-term valuation multiples may ultimately prove cheap.
Nick Griffin, Munro Partners | More

Investment Management Research Conference 2018
The annual IMR Conference brings together academic faculty from leading university business schools, professional investors, consultants and experienced practitioners and advocates to debate investment management research presentations and papers.
20-21 Sep 2018, Sydney | 13 CE Hours |
Mark Your Diary!


5 essential investment committee tools
An Investment Committee is key to a well-constructed portfolio. Your IC's toolbox must contain the appropriate tools, making governance a key pillar of your portfolio construction process.
Annika Bradley, Lodrino |

Trump may kill the global recovery
For the first time in a decade, the biggest risks are now stagflationary (slower growth and higher inflation). It would seem that the current risk-off era is here to stay.
Nouriel Roubini, Roubini Global Economics |

Markets | Strategies
Geopolitics to the fore! Do nothing...
There is quite a bit happening on the geopolitical front right now to concern markets. With all this uncertainty, the best thing to do is nothing. Sit tight and enjoy the show.
Tim Farrelly, farrelly's |

We're on the cusp of an EM crash
For 10 years, the world chased yield - flows into emerging markets were massive. As rates rise, money will move to safer environments. It's time to protect portfolios against major outflows from emerging markets.
Brett Gillepsie, Ellerston Capital |

Markets | Investing
Incorporate tech's impact in your investment choices
Technological change is advancing with unprecedented speed and scale. The early effects on growth, labour, policy and trade should influence investment choices now.
Patrik Schowitz, JP Morgan Asset Management | 0.25 CE |

Psychology of retirees
Spending retirement capital is a logical outcome, however so many retirees seem to be conditioned to a cultural norm of leaving their wealth, both their superannuation capital and housing wealth, to their beneficiaries - no matter what the cost.
David Reed, The Retirement Advice Centre | More

When politics trumps economics
Trump and team continue to flaunt virtually every principle of conventional economics. A trade war may well be an early skirmish in a much tougher battle, during which economics ultimately trumps Trump.
Stephen Roach, Yale University |

Strategies | Investing
Passive investing - reshaping the investment landscape
Game changer or new danger? The rise of passive funds throughout this decade is recalibrating the traditional core-satellite portfolio model.
Professor Amin Rajan, CREATE-Research |

Undiscovered Fund: A unique way to access emerging markets
A fundamentally driven and benchmark unaware exposure to smaller companies within the emerging markets sector, this fund represents a unique way for investors to access emerging markets.
Zenith Investment Partners | 1.00 CE |

As we approach peak growth, gear down risk allocation
The global economy is approaching peak growth and investors should prepare for increasing left tail risks. With higher rates than 12 months ago, this may be an opportune time to increase allocation to bonds as an insurance policy.
Rob Mead, PIMCO | 0.50 CE |

China’s Belt and Road Initiative is less than meets the eye
China’s Belt and Road initiative is expected to reshape the global economic landscape. However, the plan is poorly understood. It may generate political "returns" but opportunities for investors will be limited.
Alex Wolf, Aberdeen Standard Investments | 0.25 CE |

Is this about funding sources more than quantities?
How would the data in Figure 1 look if we added in bank loans? In other words, how much of this growth is due to a switch from of funding sources as opposed to growth in borrowing?
Tim Farrelly, farrelly's | More


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