Portfolio Construction Forum Markets Summit

Debating the drivers of and outlook for investment markets

Established in 2009, Markets Summit is THE investment markets scene setter of the year.  Presented in Sydney each February, the face-to-face and online learning program features 20+ leading investment thinkers - geopolitical specialists, economists, market/asset class experts, and investment strategists - from around the world, offering their best high conviction ideas on the drivers of and outlook for the markets (on a three- to five-year view) in the context of the theme - and the implications for portfolios.

It is a companion program to Finology Summit each February and Strategies Conference each August.

Markets Summit will help you better understand the key drivers of and outlook for the markets (geopolitical, economic and asset class), and the opportunities and risks ahead, on a three- to five-year view, to aid your search for return and to help you build better quality investor portfolios.

Mark Your Diary! Markets Summit 2021 (16 Feb 2021). Meanwhile, "attend" Markets Summit 2020 online!

Graham Rich, Managing Partner & Dean

 

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WHO IS IT SUITED TO?

Markets Summit is relevant to all wealth management professionals – both institutional and wholesale – who have a responsibility to understand the drivers of and outlook for investment markets.

This includes both institutional and wholesale portfolio construction practitioners (the program is designed with both in mind) by whom we mean those whose primary day-to-day role is focused within the spectrum of issues involved in designing and building investment portfolios using (but not necessarily limited to) managed funds from a range of firms.
We also recognise and respect the invaluable role of Advocates and welcome them attending.

Each year, more than 600 delegates attend the program, 75% or more of whom are portfolio construction practitioners.

 

WHY IS IT DIFFERENT?

Like all Portfolio Construction Forum programs, Markets Summit has five key differentiators:

  • focused - singularly focused on the medium-term outlook for markets, and implications for portfolios;

  • specialist - for practitioners first and foremost with a cohesive theme and a firm emphasis on substance, not sizzle;

  • independent - independently designed and curated intensive, jam-packed, blended learning program;

  • effective - a solid base for the year ahead, companion to Finology Summit and Strategies Conference, providing a foundation for continuing education planning and consistency of style and delivery; and,

  • efficient - great value for money, a strong focus on implementation, very strong CE accreditation.
     

PROGRAM OVERVIEW

INTRODUCTION

The Forum’s subject matter focus is on five Knowledge Domains – philosophy, markets, strategies, investing and finology. These then determine our Curriculum and Faculty, which together inform the content of our continuing education and certification programs.

As the name implies, Markets Summit is focused primarily on our "Markets" knowledge domain:

Markets – understanding the drivers of and outlook for the investment markets
The drivers of global securities markets are many and ever-changing, as geopolitical, macroeconomic and corporate developments influence the relative attractiveness of equities, debt and other asset classes, across cyclical, secular, and structural time horizons. By understanding how markets operate and what is driving them, portfolio construction practitioners can better identify and understand the outlook for investment markets.

Markets Summit is THE investment markets scene setter of the year. Presented in Sydney each February, the face-to-face and online learning program features 20+ leading investment thinkers - geopolitical specialists, economists, market/asset class experts, and investment strategists - from around the world, offering their best high conviction ideas on the drivers of and outlook for the markets (on a three- to five-year view) in the context of the theme - and the implications for portfolios.

It is a companion program to Finology Summit each February and Strategies Conference each August.

PROGRAM STRUCTURE

Like all our face-to-face and online continuing education programs, Markets Summit is an integrated learning program with preparation, participation and review.

Before - Prepare

To maximise learning, delegates are provided with pre-reading aimed at boosting their knowledge and getting them thinking about the issues to be addressed in the program. The preparation is assumed prior knowledge.

During - Participate

The one-day program is designed and curated by our specialist, experienced and independent team. It is comprised of the 5.5-hour Critical Issues Forum (auditorium lecture) program and 1.5-hour Special Interest Forum (elective lecture) program. In these, our Faculty of carefully selected outstanding subject matter experts from around the world – noted academics, independent consultants, and investment professionals facilitated by our Faculty Partners (quality funds management firms) – offer their best high conviction ideas on the drivers of and outlook for the markets (on a three- to five-year view) in the context of the theme - and the implications for portfolios.

Markets Summit is not just a talk-fest. Attendees are challenged to decide whether they agree or disagree with each high conviction thesis presented, which ones they will investigate further, and which they will put into practice when building investor portfolios.

After - Review

After the face-to-face program, delegates' learning continues. The presentations are webcast here on portfolioconstructionforum.edu.au – a page per presentation featuring the sync’d video and slides, podcast, presentation slides and paper(s). Delegates can revisit and review the sessions they attended, "attend" the Special Interest Forum sessions they didn't catch at the face-to-face program (and earn further CE hours), and review their key takeouts and the portfolio construction implications to determine actions to take to build better quality investor portfolios.

 

RECENT PAST PROGRAMS

Markets Summit 2020 - Be alert! High VUCA ahead!

Despite a gloomy outlook a year ago, global economic growth continues, credit remains easy, unemployment rates are close to historical lows, and markets boomed in 2019.

And yet, despite these benign conditions, elevated demand for safe-haven assets, including government bonds and gold, suggests that investors are anxious. Such fears reflect the current high VUCA - volatility, uncertainty, complexity and ambiguity - market environment which carries many risks, of course. But with those risks come opportunities, too. Portfolio construction practitioners need to discern which risks and opportunities are most likely to eventuate, whether they are already priced into markets, and how best to position portfolios as a result.

Attend Markets Summit 2020 online

Markets Summit 2019 - The heat is on!

A decade on from the GFC and global markets are once again smouldering!

As developed world central banks continue to wind down their post-GFC unconventional monetary policies, asset valuations are under pressure and investors are alert to any developments which might trigger a disorderly sell-off. Simultaneously, portfolio construction practitioners must navigate an array of potential cyclical, secular and structural threats – an inflation breakout and political disfunction in the US, a Chinese financial crisis, a Brexit meltdown, a sluggish Australian economy, and the financial impact of global warming – many of which have the potential to ignite a market meltdown. The heat is on!

Attend Markets Summit 2019 online

Markets Summit 2018 - Changing gears?

The world economy is firing on all cylinders, with the US, Europe, and China simultaneously experiencing sustained economic growth for the first time since the 2008 Global Financial Crisis. And the markets – having thrived in an environment of ultra-loose monetary policy – continue to flirt with their all-time highs.

Have markets entered a period of “irrational exuberance”, and are they headed for a fall? Should investors prepare for a recalibration of asset prices? Or are the global economy and financial markets finally changing gears?

Attend Markets Summit 2018 online

Markets Summit 2017 - The winds of change
Strong winds of change are blowing - we appear to be entering a new age of populist and economic nationalism. Will this mean a future of trade protectionism, higher inflation and rising bond yields? Are we at an inflection point in monetary and fiscal policy? What does it all mean for the outlook for the markets? Simultaneously, people are questioning long-held beliefs about money, investing and retirement, as improved longevity, new technologies and social media change the way we live and how we relate to others.

Attend Markets Summit 2017 online

Markets Summit 2016 - Is it deja-vu (all over again)?

Does it feel like we've been here before? It was expected (again) that the Fed would raise rates at its last meeting. Only, this time, they did! The situation in the Middle East is (again) alarmingly tense. Currency wars are (again) rife. Bond market liquidity is (still) tight while high yield bonds are back at 2009 price levels. And many believe some asset markets are (again) in bubble territory. Yet, for commodities, it's like the 21st century never happened. The more things change, the more they seem to stay the same! Does that mean that, going forward, markets and asset classes will behave as in the past? Is it different this time? Or is it deja-vu (all over again)?

Attend Markets Summit 2016 online

Markets Summit 2015 - Cyclical? Structural? Secular?

The US is winding down its QE program, but Japan and Europe are ramping up. Australia's golden era of prosperity is over. Oil prices have fallen over 35% in 12 months. Currency wars are well underway.

Attend Markets Summit 2015 online

Markets Summit 2014 - The Great Escape
(What will markets be like in the QE run out?)

Unconventional monetary policy - QE, forward guidance, asset buying - has only been tried a handful of times over the last century, mostly in the past five years. How and when will it end? And what does that mean for the markets?

Attend Markets Summit 2014 online

Markets Summit 2013 - Searching for return

Key risks - a listless US recovery, the EU sovereign debt crisis, sluggish global growth, and Middle East tensions - continued to dominate market sentiment. Yet some markets produced outstanding returns in 2012. Markets Summit 2013 helped delegates in Searching for Return - while recognising risk.

Attend Markets Summit 2013 online

Markets Summit 2012 - The king is dead... long live the king!

For decades, long-only equities was “king”, the dominant component of most long-term investors’ portfolios. But cash has assumed the throne as investors have flocked to its supposed safety. Cash is King - but is just it a pretender to the throne? How long cash would remain King? How would other asset classes fare against it?

Attend Markets Summit 2012 online

 

Markets Summit 2011 - Bubble, bubble, toil & trouble?

In late 2010, early 2011, concern about investment bubbles was at an unprecedented level. There was talk of a gold bubble, equities bubble, bond bubble, commodities bubble, emerging markets bubble, China bubble, another tech bubble, a social marketing bubble. What was and what was not, a bubble? What did that mean for constructing portfolios?

Attend Markets Summit 2011 online

 

Markets Summit 2010 - Are we there yet?

Having passed through the global financial crisis fire of the prior year and survived largely in tact, it was time to confirm the lessons learned and revisit the road(s) to recovery.

Attend Markets Summit 2010 online

 

Markets Summit 2009 - The road(s) to recovery

Quality communication is key to managing and retaining clients in difficult times. But what exactly were we supposed to be communicating about investment markets during the global financial crisis?

Attend Markets Summit 2009 online

 

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