Forum Fodder

Portfolio Construction Forum

Our regular Forum Fodder email alerts Members to what's new with our blended live and online continuing education, accreditation and certification programs.

The most recent Forum Fodder email is below.

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 Specialist, independent, investment
continuing education, accreditation & certification

Forum Fodder | Friday 05 June 2020
Education is simply the soul of a society as it passes from one generation to another. - G.K Chesterton, Writer (1874 - 1936)
All the best for another week's continuing education! - Graham
P.S. Orwellian alert! Meet the robot dog promoting safe distancing in Singapore's parks.

LATEST ONLINE CE...

Markets
Who has the world's largest economy?
According to a new World Bank report, China’s total income has now surpassed the US's on a PPP-basis. But on a GDP basis, the US economy is still far ahead of China's. Both measures have distinct implications for geopolitics, and must be considered.
Jeffrey Frankel, Harvard University |
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Strategies | Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Goals-based planning defeats behavioural biases
Behavioural biases get in the way of good investment decision-making. A well-structured approach to goals-based planning can go a long way to defeating the worst impacts of many of these biases.
Tim Farrelly, farrelly’s Investment Strategy | 0.25 CE |
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Finology
Research Review:  Memory and the investment implications
Memory is often both selective and distorted. This Research Review focuses on a seminal paper published in 1999 on "the seven sins of memory", and a recent 2019 paper on how memory errors impact investment decisions.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE |
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Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Emotions engendered in media impact investor decision-making
New research shows that media sources generate emotions that transmit to individuals and so influence their investment decisions, resulting in a departure from so-called efficient markets.
Ron Bird, Investment Management Research Program | 0.25 CE |
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Philosophy | Finology | Editor's Pick!
Philosophy Lecture:  Ethics matters and ethical awareness
This lecture explores the concept of ethics, contemporary issues in financial services as they relate to ethics, and the relevancy and application of ethics in our everyday lives.
Clare Payne | 2.50 CE | 1 comment |
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Ethics
It is great to hear the confirmation of this ground swell which started many years ago taking momentum globally...
Isaac Kuruvilla, Sydney Diocesan Secretariat |
Comment

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...

Strategies
Strategies Conference 2020 "All things considered... it's a whole new world"
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.
Meanwhile "attend" Strategies Conference 2019 - 20/20 vision

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!

RECENT ONLINE CE...

Markets
What should we be preparing for?
In most emerging and developing countries, COVID-19 is causing an economic hurricane, the worst crisis the Bretton Woods institutions have experienced in 76 years. Their response so far has been both admirably fast and utterly inadequate.
Ricardo Hausmann, Harvard University |
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Markets | Strategies
Q&A: The case for a UUU-shaped recovery
Many in the financial markets are expecting a V-shaped recovery starting in the fourth quarter of this year, possibly even in the third quarter. Robert Huebscher speaks with renowned economist, Dr Woody Brock about why Woody disagrees, and instead foresees a slow and uneven recovery with periodic slumps.
Woody Brock, SED |
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Philosophy | Strategies
Research Review: ESG investing, market efficiency and smart beta
As ESG investing has leapt into the investment mainstream, it has become the focus of much academic research. Recent findings show that despite the many positive ramifications of ESG investing, it reduces the efficiency of markets and can introduce risk exposures in portfolios.
Ron Bird, Investment Management Research Program | 1.00 CE |
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Strategies | Finology | As seen at Portfolio Construction Forum Finology Summit 2020
Time is money. Annual income targets lead to inferior outcomes
A fixed point of reference, in the context of investment risks and uncertainties, can induce biases in approaches to meet client objectives. These biases will be costly to investors in the long term.
Rudi Minbatiwala, First Sentier Investors | 0.50 CE |
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Markets | As seen at Portfolio Construction Forum Markets Summit 2020
Your real estate exposure needs liquidity
Investors can gain exposure to high quality real estate through global REITs, which offer exposure to sectors experiencing better growth prospects and benefiting from tech disruption.
Marco Colantonio, Resolution Capital | 0.25 CE |
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Negative rates further the descent into madness
I like much of Kenneth Rogoff's writing, but cannot see how negative rates will achieve anything but further destabilising the global monetary system in a most dramatic way...
Greig Meyer, PKF Wealth |
Comment

Markets | Investing
The digital path to citizen-centric finance
The 2020s must be a "decade of action". By harnessing the disruptive potential of fintech, we can create a fairer, more inclusive financial system that propels sustainable development everywhere.
Maria Ramos & Achim Steiner, UN Secretary-General Task Force |
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Markets | Investing
Vision matters – but so does implementation (revisited)
A year ago, I showed it's possible to measure prediction accuracy for active managers, and that it influences optimal portfolio construction. Is this still a valid approach to portfolio construction, given today's markets?
Jim Creighton, CreightonAI |
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Finology | As seen at Portfolio Construction Forum Finology Summit 2020
In investing, the human factor is crucial
Used responsibly, artificial intelligence can help us make wiser decisions as investors and capital allocators and help us work towards a more sustainable and inclusive future.
Paras Anand, Fidelity International | 0.50 CE |
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Markets | Investing | As seen at Portfolio Construction Forum Markets Summit 2020
Property securities market risk premia to persist
Low inflationary outcomes and very low interest rates are expected to remain in place for some time. REITs have resisted the attraction of cheap credit and will continue to provide a safe haven.
Stephen Hayes, First Sentier Investors | 0.50 CE |
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Markets | Strategies | As seen at Portfolio Construction Forum Markets Summit 2020
It doesn’t make sense to pay too much for negative correlation
The world has checked into Hotel California – interest rates are failing to stimulate demand and monetary policy is less effective. Successful adaptation will require a re-think of traditional strategic asset allocation approaches.
Justin Tyler, Daintree Capital | 0.25 CE |
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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.
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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). 
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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.