Portfolio Construction Forum | 16 July 2021
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The Portfolio Construction Forum team
Forum Fodder | Friday 16 July 2021
"This particular inflation is just unique in history. We don’t have another example of the last time we reopened a $20 trillion economy with lots of fiscal and monetary support.” - Federal Reserve Chairman Jerome Powell in testimony to the US Senate Banking Committee (15 July 2021)
All the best for another week’s continuing education!
LATEST ON-DEMAND CE…
Markets | Finology
Research Review: Narrative economics and activist short selling
Activist short sellers have received increasing attention - and notoriety - in recent years. This paper adopts the lens of narrative economics to reveal useful insights into the dynamics of activist short selling.
Rob Hamshar, Portfolio Construction Forum | 1.50 CE | Read
Strategies | Editor’s Pick!
The big picture of longevity planning
During accumulation, the concept of portfolio longevity is quite meaningless. Eventually, peak-wealth is achieved and withdrawals exceed investment gains. Managing portfolio longevity becomes critical.
Moshe Milevsky, York University | 0.50 CE | Watch
Did you know? You can find ethics hours using our advanced Search
You can use our advanced Search function to find the continuing education learning activities that most interest you, suit your learning style, and/or meet the requirements of your licensee. You can search by CE competency (e.g. Ethics hours), by the type of CE regime (ASIC, FASEA, FPA, CIMA, etc), by author, by knowledge domain (Philosophy, Markets, Strategies, Investing, Finology), by way of learning (read, watch, or listen), year or program (e.g. Strategies Conference, Markets Summit). Just click on the Search icon at the top of any page, and click the “More” button to bring up the search fields. Get searching for CE
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
UPCOMING LIVE CE…
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 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!
RECENT ON-DEMAND CE…
Research Review: Who wins from alternative investing?
High allocations to alternatives are often justified on the basis of return and diversification advantages. Two recent papers show that with private equity and hedge fund, it’s the managers who are the real winners.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.00 CE | Read
Finology | As seen at last week’s All Things Considered Zoominar
A guide to manipulation (for honest people!)
Many investment professionals are typically quite skilled at manipulation, so those researching their funds need to protect themselves against manipulation as they conduct their due diligence.
Herman Brodie, Prospecta | 1.00 CE | Watch, Listen
Finology | Editor’s Pick!
Building future-proof portfolios requires emotional agility
The future is, by definition, uncertain, as are financial markets. To prosper in such an environment, we need to be emotionally agile in order to align our values and actions and, in turn, help investors achieve their financial goals.
Susan David, Harvard Medical School | 0.75 CE | Read, Watch, Listen
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 | As seen at our All Things Considered Zoominar in June
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, Australian National University & Portfolio Construction Forum | 2 comments | 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
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 | 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
PLUS MORE ON-DEMAND CE…
Forum CE Library - over 620 CE/CPD accredited learning resources
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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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.