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 30 October 2020
"This is now the beginnings of a new bull market... It’s not like everything is going to be ok and go up - there will be plenty of things to short. But if somebody tells you to short everything and be in cash, they are literally crazy." - Marko Papic at Portfolio Construction Forum Strategies Conference 2020
All the best for another week's continuing education! - Graham


Biden’s economic edge
Post-war Democratic presidents have been significantly better for the US economy than Republicans have. There is every reason to believe that trend will continue if Biden wins on 3 November.
Jeffrey Frankel, Harvard University |

Markets | As seen at Strategies Conference 2020
Washington has changed forever
On 3 November, US voters go to the polls. The presidency will be determined once again by 14 swing states and six of them really matter.
Libby Cantrill, PIMCO | 0.50 CE |

Markets | As seen at Strategies Conference 2020
We’re at the beginnings of an epic but nominal global bull market
We are at the threshold of an epic bull market buoyed by the emerging Buenos Aires Consensus and desensitisation to Covid-19. But beware, inflation will eventual re-emerge.
Marko Papic, Clocktower Group | 0.50 CE |

Markets | As seen at Strategies Conference 2020
It’s not a whole new recession in the US
In the US, a durable and economic bottom has formed, and global investors are well-served to re-frame their mindset towards the incipient economic expansion now underway.
Jeff Schulze, ClearBridge Investments | 0.50 CE |

Research Review: Cultural distance and investing behaviour
Culture explains much about how we think, feel, and behave. These two papers explore the influence of culture and cultural distance in a financial context.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE |

Finology | Invitation to those who give investment advice
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) self assessment tool helps you benchmark your investing biases, beliefs and behaviours versus peers, to further empower your “client care and practice” knowledge and skills. It's complimentary to our members who give investment advice, while we continue to develop it.
Take the Finology Benchmarking Indices self assessment


Certainty Adviser Conference "2021 - How financial advice will grow & adapt"
Presenting a unique, innovative, focussed and unsponsored event for the stakeholders in advisory firms seeking to build beyond FASEA, grow through Covid and capture the mindsets, steps and direction to spread valuable financial advice for more Australians! 11am - 2.15pm Thursday 12 November 2020.
More info and to register

Markets Summit 2021 - Mark your Diary!
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. Mark your diary! Wednesday 17 February 2021
Meanwhile "attend" Markets Summit 2020 "Be Alert! High VUCA ahead" on-demand.


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.
Enrolments are now open for the next intake


What’s next for the global economy?
This crisis may morph over time. The second quarter of 2020 looked like an I, free fall. Quarter three looked like a V, as any rebound from very low levels of activity initially does. My baseline scenario is an anaemic U-shaped recovery.
Nouriel Roubini, Roubini Macro Associates |

Markets | Strategies | Investing | As seen at Strategies Conference 2020
This is not a tech bubble… (yet!)
Covid has accelerated tech adoption on an unprecedented scale and while the winners have been broad, not all are equal. Short-term investors with simple valuation techniques are missing the bigger picture.
Scott Berg, T. Rowe Price | 0.50 CE |

Research Review: Time preferences, present bias and financial behaviour
These two papers provide a more sophisticated, behavioural understanding of time discounting, to enable more nuanced conversations with clients about current and future consumption, and help mitigate the potentially negative impacts of present bias..
Rob Hamshar, Portfolio Construction Forum | 1.00 CE |

Right for the right reasons
Should jobs in the services sector be able to rebound much more rapidly than in manufacturing sector.
John Hingher, Meyer Handelman |

Research Review: Helping clients achieve their goals
I think having non-specific goals to do with family members under your duty of care would have a meaningful impact.
Isaac Kuruvilla, Sydney Diocesan Secretariat |

Research Review: Helping clients achieve their goals
Many advisers consider a client's non-specific (and potentially non-financial) goals to be an important part of client-centric practice...
Rob Hamshar, Portfolio Construction Forum |

Dollar sensationalism
The dollar's recent slide is one in a series of readily explicable fluctuations. Indeed, the most striking takeaway is its resiliency. The explanation is "TINA" - There Is No Alternative.
Barry Eichengreen, University of California |

All things considered... Market pricing
Market pricing goes to the heart of everything we do in constructing portfolios. But the risk-free rate is artificial as central bank manipulate interest rates to stimulate economies. The implications for asset allocation are significant.
John Coombe, Joe Fernandes, Tim Farrelly & Robert Prugue | 1.00 CE |

Research Roundtable - UBS CBRE Global Real Assets
This Research Roundtable focused on the UBS CBRE Global Real Assets strategy, with 10 senior practitioners deciding, after briefings, Q&A and debate, their individual rating for the strategy and whether to include it on a hypothetical APL and/or multi-manager portfolios. Afterwards, the meeting is truncated and published for on-demand viewing by all members.
Portfolio Construction Forum | 1.00 CE on demand |

Research Review: Helping clients achieve their goals
These two research papers present insights into how advisers can better assess and guide how clients think about and structure goals - including savings goals.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | 2 comments |


Forum CE Library - over 540 CE/CPD hours
Complimentary for all Forum members, the Forum's online on-demand CE Library offers over 540 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 requirements, to name a few.

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 meeting the CE/CPD requirements of other governing bodies e.g. ASIC, APRA, FASEA, FMA, etc). 


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We also let my LinkedIn network know as soon as we release new articles on 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.