Forum Fodder | Friday 01 May 2020
Education is an ornament in prosperity and a refuge in adversity. - Aristotle (384-322 BC)
All the best for another week's continuing education! - Graham
P.S. Covid19 lockdown humour injection! Different types of people in quarantine.

LATEST ONLINE CE...

Markets
The coming Greater Depression of the 2020s
Ten risks, already looming large before COVID-19 struck, now threaten to fuel a perfect storm that sweeps the entire global economy into a decade of despair.
Nouriel Roubini, Roubini Macro Associates | More

Markets | Strategies
Worry about valuations?… Yeah, a bit…
If on 1 Jan 2020, I’d thought we’d see US unemployment head to 20%, China’s first quarter real GDP growth at -10% and the global economy shut down, I wouldn't have picked the S&P PE Ratio would now be above its long-term average since the GFC.
Michael Furey, Delta Research & Advisory | More

Markets | Strategies | As seen at Portfolio Construction Forum Markets Summit 2020
There is a clear nexus between debt and inflation
High household debt places Australia in a fragile position for further disinflation, implying that bond yields will remain lower for longer. Investors should look to accumulate bonds and ensure portfolios have an appropriate defensive allocation in anticipation of the next downturn.
Dean Stewart, Macquarie Asset Management | 0.25 CE | More

Strategies | Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Portfolio design must evolve for the industry to survive (II)
Using the language of client values and behaviour will help build a foundation of trust, and assist investment advisers architect a portfolio that is in sync with clients' lives and values.
Wade Matterson, Milliman | 0.50 CE | More

Philosophy | Strategies | Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Investing biases, beliefs & behaviours - key takeouts
Several of our Faculty discuss their key takeouts from Finology Summit 2020, to help delegates think through how people's different investing biases, beliefs and behaviours impact investment outcomes.
Expert Panel | 0.75 CE | More

Finology | Invitation to investment advisers
Complimentary survey to benchmark your client care & practice knowledge and skills
FASEA requires that financial advisers continually improve their client care and practice knowledge and skills - doing so makes obvious business sense, as well. Our new Finology Benchmarking Indices (FBI) is the only benchmarking tool for this area of knowledge and skill - and it's complimentary to our investment adviser members while we continue to develop the service.
Take the Finology Benchmarking Indices survey

UPCOMING FACE-TO-FACE CE...

Certified Investment Management Analyst^® (CIMA^®)
Are you involved in any aspect of constructing multi-manager portfolios?
CIMA certification is the peak, international technical portfolio construction certification program designed for investment management analysts – that is, those involved in any aspect of constructing multi-manager portfolios, whether practitioner or advocate. Stand for more - more knowledge, skill and expertise - with CIMA certification.
Find out more and enrol now!

Save the Date!
Mark Your Diary now for the following continuing education programs
Sep/Oct 2020
- Strategies Conference (30 Sep - 01 Oct, Sydney)
We'll email you when registration opens...

RECENT ONLINE CE...

Markets
The EU should issue perpetual bonds
Europe needs about €1 trillion to fight the COVID-19 pandemic. Financing the EU Recovery Fund with perpetual bonds is the easiest, fastest, and least costly way to establish it.
George Soros, Open Society Foundations | More

Markets
Suspend emerging and developing economies’ debt payments
As the COVID-19 virus spreads globally, many emerging and developing economies will stop paying their debts. The world needs to get in front of the problem.
Carmen Reinhart and Kenneth Rogoff, Harvard University | More

Philosophy | Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Giving Voice to Values is the “how” of values-driven professional practice
Most of us want to act on our values, but we also need to feel that we have a reasonable chance of doing so effectively and successfully. Rather than focus on ethical analysis, focus on ethical implementation.
Mary Gentile, University of Virginia | 0.50 CE | More

Markets | As seen at Portfolio Construction Forum Markets Summit 2020
Phase 1 won’t do, global trade pain will continue in the 20s
The US-China trade deal was supposed to settle global trade uncertainty in 2020. Nothing could be further from the truth. Diversified supply chains are vital to minimising VUCA risks into the 2020s.
Chris Rogers, Panjiva Research | 0.25 CE | More

Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Knowing your client requires a commitment to data
Behaviour biases determine that performance drives managed fund flows. By examining managed fund transactions, we can confirm that investment adviser engagement with investors is critical, and ascribe a value to it.
Douglas Isles, Platinum Investment Management | 0.25 CE | More

Markets
A question of war and peace
To paraphrase Churchill, will those who can end a pandemic well also allow a good recovery? It depends on their understanding of history.
Oliver Hartwich, The New Zealand Initiative | More

Philosophy | Markets | Strategies | Investing
Philosophy Lecture: Fixed Income Investing
This lecture argues that a diversified portfolio of core fixed income securities is an essential component of an optimal multi-asset portfolio. What's your philosophy?
Anne Anderson, UBS Asset Management | 5.00 CE | More

Markets | Investing
Impact bonds are becoming mainstream
The impact fixed income market is becoming more diverse in terms of currencies, issuers and ratings, delivering mainstream returns but with impact.
Stephen Fitzgerald, Affirmative Investment Management | More

Finology | As seen at Portfolio Construction Forum Finology Summit 2020
You can identify and compensate for your own cognitive biases
By identifying their own systematic patterns of departure from "rational" behaviour, practitioners can compensate for their effects, and improve the quality of their day-to-day investment decision-making.
Andrew Inwood, CoreData | 0.50 CE | More

Markets | As seen at Portfolio Construction Forum Markets Summit 2020
Infrastructure is a bull – long live VUCA!
With an ageing demographic seeking more stable outcomes, many investors have been steadily increasing allocations to infrastructure securities, to capture the attractive relative income and low volatility.
Charles Hamieh, RARE Infrastructure | 0.25 CE | More

Markets
Mapping the COVID-19 recession
Even with all-out efforts by central banks and fiscal authorities to soften the blow, a deep economic slump and financial crisis are unavoidable. How bad will the COVID-19 recession be and how long it will last?
Kenneth Rogoff, Harvard University | More

PLUS MORE ONLINE CE...

Forum CE Library - over 530 CE/CPD hours
Complimentary for all Forum members, the Forum's online CE Library offers over 530 CE/CPD hours of accredited learning resources, to help members meet the CE/CPD requirements of 16 governing bodies (regulators, associations, and institutes) - including ASIC, APRA, FASEA, AFA, and FPA and CIMA CE/CPD requirements, to name a few.
More

CIMA CE Library - over 70 CE hours
This subset of the full Forum CE Library features just those learning resources that are accredited for CIMA CE hours, so CIMA certificants can more easily find learning resources to meet their recertification obligation (at the same time as the CE/CPD requirements of other governing bodies e.g. ASIC, APRA, FASEA, etc).
More

KEEP IN TOUCH

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Connect with me on LinkedIn
We also let my LinkedIn network know as soon as we release new articles on portfolioconstructionforum.edu.au and when registration opens for our face-to-face CE programs. If LinkedIn is more your thing than Twitter, I'd welcome you connecting. And of course, I'd welcome having an offline direct conversation with you any time.