Forum Fodder | Friday 08 May 2020
Anyone who stops learning is old, whether at 20 or 80. Anyone who keeps learning stays young. - Henry Ford (1863-1947)
All the best for another week's continuing education! - Graham
P.S. Covid19 lockdown escape - Stay Home Kiwi.
P.P.S. Strategies Conference 2020 update! New date! New format! We are looking forward to presenting Strategies Conference 2020 as a unique, live face-to-face and live online "hybrid" program, including at our Carriageworks campus. Mark your diary! 30 Sep to 01 Oct 2020.

LATEST ONLINE CE...

Markets
The case for deeply negative interest rates
For those who viewed negative interest rates as a bridge too far for central banks, it might be time to think again. Emergency implementation of deeply negative interest rates would not solve all of today's problems. But it would be a start.
Professor Kenneth Rogoff, Harvard University | More

Philosophy | Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Focus your sustainability efforts on clients not managers
Refocusing sustainable investing efforts onto client values and beliefs starts a chain reaction that delivers sustainable outcomes for clients and long-lasting relationships.
Tassos Stassopoulos, Trinetra Investment Management | 0.50 CE | More

Markets | Strategies | As seen at Portfolio Construction Forum Markets Summit 2020
Data, models, and pre-mortem scenarios can help manage VUCA
Mapping out scenarios is a must to check your biases and challenge your own, others' and consensus views, to generate investment ideas that help manage VUCA and target the right opportunities.
Libby Cantrill and Rob Mead, PIMCO | 0.25 CE | More

Markets | Investing | Finology
Research Review: How good are the gurus?
The funds management industry has spawned a lot of gurus. This research paper looks at whether market forecasters are any good at what they do.
Ron Bird, Investment Management Research Program | 1.00 CE  | More

Philosophy | Finology
On the importance of experimentation
Practitioners are often reluctant to adopt new solutions because of high risk. "If it has never been done, how do you know it works?". But failure to try new approaches can mean missed opportunities.
Maroš Servátka, Macquarie University | 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
May 2020
- Research Roundtable (27/28 May, live webinar) - by invitation
Jul 2020
- Research Roundtable (21/22 Jul, live webinar) - by invitation
Sep/Oct 2020
- Strategies Conference (30 Sep - 01 Oct, live face-to-face and live online)
Nov 2020
- Research Roundtable (24/25 Nov, live webinar) - by invitation

RECENT 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 | 2 comments | 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

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

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

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