Forum Fodder

Forum Fodder | Friday 25 June 2021
“Is there a risk that inflation will remain higher than we thought? Yes. And if we see inflation moving above our goals… persistently enough, we would be prepared to use our tools to address that.” - US Federal Reserve chair Jerome Powell at a press conference following the Fed’s monetary policy meeting (16 June 2021)

All the best for another week’s continuing education!
Graham
P.S. Registration is now open for the 20th annual Portfolio Construction Forum Strategies Conference 2021 “The end justifies the means!”. Attend live in-studio, at a hosted live-site, or via livestream and earn 12-20 CE/CPD hours. More info

Markets

Crockpot: The inflation genie is about to leave the bottle
A large and growing body of commentators is warning about the very real possibility - if not outright likelihood - of policymakers unwittingly letting the inflation genie out of the bottle.
Tim Farrelly, farrelly’s Investment Strategy | Read

Markets | Strategies | Finology | See more from Ron at All Things Considered Friday 25 June 2021

Do emotions impact on investor decision-making?
Emotions generated in the media by way of the words used in turn influence investors decisions, providing the foundation for a highly profitable investment process.
Ron Bird | Read, Watch, Listen

Philosophy | Markets | Strategies | Investing | As seen at Markets Summit 2021

Back to the drawing board! - Key takeouts
Our diverse panel debated which of the high-conviction propositions they heard at Markets Summit 2021 resonated most strongly, which they disagreed with most - and the portfolio construction implications.
Expert Panel | 0.75 CE | Watch, Listen

Markets | Strategies | As seen at Markets Summit 2021

It’s back to the drawing board on bonds in a 60/40 portfolio
The 60/40 balanced portfolio needs to be “stretched” or redesigned, to mitigate the impact of low yields on overall portfolio risk and return. Investors need to make their equity allocation work harder and consider new diversifiers.
Thomas Poullaouec, T. Rowe Price | 0.50 CE | Watch, Listen

Markets | Strategies | As seen at Markets Summit 2021

Private debt is a low risk means to attractive income
With the official cash rate near zero, it’s time to head back to the drawing board to find a more consistent source of income. Private debt provides a compelling alternative source of income in a portfolio.
Andrew Lockhart, Metrics Credit Partners | 0.50 CE | Watch, Listen

Markets | Strategies | Finology

Australia version?
Since this data is showing strong evidence in the US market, it could be assumed human nature is the same in the Australian market…
Ryan Grant, Affinity Wealth Plus | Read

Philosophy | Portfolio Construction Forum proudly supports The Wayside Chapel

Love beyond measure
Close your eyes and picture what you were like at 10. If that’s a little foggy, think about your own children or a 10-year-old you know…
Jon Owen, Wayside Chapel | Read

Did you know? You can store all your CE/CPD in your Forum MyCE record
As well as recording and storing the CE/CPD hours you earn through Forum learning activities and those of our Accreditation Partners, you can upload and store the CE/CPD hours (and certificates) you earn through any learning activity, whether it’s Forum accredited or not. Then, you can view, print, and export your CE/CPD record 24/7. Complimentary to all Forum members, make MyCE your “source of truth” for all your CE/CPD activity.
Upload CE/CPD to MyCE

Finology | Invitation to investment advisers

Complimentary self-assessment 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.
Portfolio Construction Forum | 0.50 CE | Take the FBI self-assessment

Strategies

Portfolio Construction Forum Strategies Conference 2021 “The end justifies the means!”
AEST Wed-Thu 25-26 Aug 2021
Portfolio construction is only “successful” when it helps clients achieve their financial goals. Yet delivering on those goals – be it financial independence or, at the very least, a reasonable standard of living in retirement – is more challenging than ever. Our 20th annual Strategies Conference will challenge and refresh your portfolio construction thinking, as we debate strategies to help build better quality investor portfolios, capable of achieving client goals out into the future.
Attend live in-studio, at a hosted live-site, or via livestream | 12-20 CE | Register now!

Finology

Finology Summit 2021 “Behavioural FINance and investor psychOLOGY”
AEDT Wed 13 Oct 2021
Established in 2016, Finology Summit is THE behavioural finance (“fin”) and investment psychology (“ology”) program of the year. The program features an exceptional Faculty of experts from around the world, each offering their best high conviction ideas on behavioural finance and/or investor psychology, and the investment implications. Finology knowledge and skills help us better identify and understand how our own and other people’s different investing biases, beliefs and behaviours impact investment markets and portfolio construction practices - and therefore, investment outcomes - to enable better quality investor portfolios.
Attend live in-studio, at a hosted live-site, or via livestream | 7-11 CE | Register now!

Markets

The ghost of Arthur Burns
I have long been haunted by the inflation of the 1970s. Fifty years ago, I was witness to the birth of the Great Inflation as a Fed insider. This isn’t the 1970s, but today’s Fed waxes far too confidently about inflation.
Stephen Roach, Yale University | 1 comment | Read

Markets

Supply chain inflation worries rising
Supply chain inflation has become an increasing preoccupation for economists, corporations and governments, as freight costs have accelerated, commodity prices increased and import prices returned to inflation.
Chris Rogers, Panjiva Research | Read, Watch

Markets | Investing | Finology

Research Review: The impact of a global pandemic on stock markets
Global financial markets have been reacting to the Covid-19 pandemic since early 2020, providing a unique opportunity for researchers to examine the impact of a global pandemic on uncertainty, investor reactions, and stock prices.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.50 CE | Read

Philosophy | Markets | As seen at Markets Summit 2021

Sustainability is transforming the investment landscape
Believe in sustainable investing or not, investors need to understand its impact on investment returns and portfolio construction as capital markets stand on the cusp of a transformation to an ESG world.
Suni Harford, UBS Asset Management | 0.50 CE | Watch, Listen

Markets | Strategies | As seen at Markets Summit 2021

Private Equity maximises alpha generating opportunities
Often underrepresented in investor portfolios due to concerns around liquidity, private equity investing with a truly hands-on approach allows active investors to maximise their capital growth potential.
David Leslie, Ellerston Capital | 0.50 CE | Watch, Listen

Markets

Reinflation in the longer run
Charles Goodhart, perhaps Britain’s most distinguished economic commentator, has just co-authored a book arguing that longer-term inflation will be much higher than the past 35 years. The reason for his view is highly unorthodox - and, in our opinion, correct.
Woody Brock, SED | Read

Markets | Strategies | As seen at Markets Summit 2021

Relevance & resilience - post-COVID portfolios need G-REITs
During 2020, G-REITs experienced a once in a generation demand shock. With new building supply and REIT balance sheets in good shape, G-REITs are well positioned as economies reopen and demand returns. Now is the time for G-REITs.
Julian Campbell-Wood, Resolution Capital | 0.50 CE | Watch, Listen

Philosophy | Markets | Strategies | As seen at Markets Summit 2021

Responsible Investing is the future of financial markets
It’s time to construct portfolios with investment strategies designed to advance humankind towards a global sustainable economy, a just society, and a better world.
John Quealy, Trillium Asset Management | 0.50 CE | Watch, Listen

Philosophy | Markets | Strategies | As seen at Markets Summit 2021

Lower carbon will mean more growth
The energy transition has the potential to be as transformative for the world economy and geopolitical landscape as the digital revolution has been since the 1980s.
Chris Iggo, AXA Investment Managers | 0.50 CE | Watch, Listen

Finology

Research Review: Emotional regulation and financial success
Emotions are an important influence on financial decision-making and investing. These three papers explore how emotional regulation strategies influence decision-making under risk and uncertainty, and the link to financial success.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | Read

Forum CE Library - over 620 CE/CPD hours
Complimentary for all Forum members, the Forum’s online on-demand CE Library offers over 620 CE/CPD hours of accredited learning resources, to help members meet the CE/CPD requirements of 20 governing bodies (regulators, associations, and institutes) including ASIC, APRA, FASEA, FMA, AFA, FPA and CIMA^® CE/CPD requirements, to name a few.
Earn CE/CPD hours

Forum CIMA CE Library - over 96 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).
Earn CIMA CE hours

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