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Forum Fodder | Friday 12 June 2020
It is, in fact, a part of the function of education
to help us escape, not from our own time - for we
are bound by that - but from the intellectual and
emotional limitations of our time. -
T.S. Eliot (1888 - 1965)
All the best for another week's continuing
education! - Graham
P.S. Life after lockdown! The National
Cabinet announced this afternoon that large venues
(stadiums, theatres) can reopen at 25% of their
capacity. Mark Your Diary! Strategies Conference
2020 "All things considered... it's a whole new
world" - 30 Sep & 01 Oct, Sydney |
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LATEST ON-DEMAND CE...
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Markets
Which economic stimulus works?
Governments are responding forcefully to the
COVID-19 crisis with a combined fiscal and monetary
response that has already reached 10% of global GDP.
The key now is to increase incentives to spend.
Joseph Stiglitz & Hamid Rashid |
More
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Markets
The Covid-19 virus and the
incipient euphoric recovery
After the easy gains over the next two or three
years from reopening the service sector, the US
economy faces a slow decade-long recovery. US equities
remain overvalued.
Woody Brock, SED |
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Strategies | Investing
Crockpot: Hedge funds are an
attractive diversifier
One of the touted benefits of hedge funds is that
they provide returns that are largely uncorrelated
with other risky assets. In practice, hedge funds
returns are highly correlated to equity markets
during downturns - when it matters.
Tim Farrelly, farrelly’s Investment Strategy
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Philosophy | Strategies |
Editor's
Pick!
5 essential portfolio construction components
Portfolio construction is multi-faceted and should
be iterative. Five key components provide a
framework to design quality portfolios to meet
clients' objectives.
Annika Bradley, Lodrino
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1 comment
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Strategies |
Finology |
Editor's
Pick!
Seeking alpha in a VUCA world
requires whole brain approach
Although influenced by logical factors, changes in
investment markets are often irrational and
illogical. A whole-brain approach to seeking alpha
is necessary to win in the investment game.
Philipp Hensler, Epoch Investment Partners
| 0.50 CE |
More
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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
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UPCOMING FACE-TO-FACE CE...
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Free webinar
Stand For More with CIMA certification
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.
Join us for a free info
webinar to find out more | 19 June & 26 June 2020
Find out more
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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
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UPCOMING CERTIFICATION...
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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.
Enrolment for the next intake closes 30 June 2020
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RECENT ON-DEMAND CE...
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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 |
More
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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 |
More
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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
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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
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Comment
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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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More
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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 |
More
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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 |
More
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PLUS MORE ON-DEMAND CE...
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Forum CE Library - over 540 CE/CPD hours
Complimentary for all Forum members, the Forum's online
on-demand 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, FMA, AFA, FPA and CIMA
CE/CPD CE/CPD requirements, to name a few.
More
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Forum CIMA CE Library - over 75 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, FMA, etc).
More
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KEEP IN TOUCH
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Keep up to date - follow us @PortfolioForum
There's no need to wait until our weekly Forum
Fodder email to know what's new with Portfolio
Construction Forum.
Just follow us on Twitter to hear as soon as we
release new articles on
portfolioconstructionforum.edu.au
and when registration opens for our onstage
programs.
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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.
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