Forum Fodder - Quarterly CE Alert!

Quarterly CE Alert! | September 2021
Our quarterly CE Alert! highlights our upcoming live continuing education programs, and all of the complimentary on-demand CE/CPD-accredited resources we’ve published over the past few months.

• The CE/CPD hours you earn can be used to help meet the CE/CPD requirements of 20 governing bodies (regulators, associations, and institutes), including ASIC, APRA, FASEA, AFA, FPA and CIMA CE/CPD requirements, to name a few.

• You can access your CE/CPD certificates via your complimentary Forum MyCE record where you can store, view, print and export your CE/CPD 24/7 earned via the Forum - as well as any CE/CPD hours you have earned from learning activities hosted our CE Accreditation Partners.

• Did you know you can now also upload any other CPD you earn (i.e. non-Forum accredited) to your Forum MyCE record so it becomes your “source of truth” learning record store of all your CE/CPD? Get started

All the best for the next step in your continuing education - Graham

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 at a hosted live-site or via livestream at your desk | 7-11 CE | Register now!

Philosophy | Strategies

Portfolio Construction Forum All Things Considered Zoominar
AEDT 10am-12pm, Fri 29 Oct 2021
Curated by Portfolio Construction Forum’s Investment Management Program and supported by CIMA Society of Australia, All Things Considered aims to challenge your beliefs to inform better quality portfolios. All Things Considered is complimentary to all Forum members.
Attend via livestream | 2.00 CE | Mark Your Diary! Registration will open soon

Philosophy | Markets | Strategies | Finology | As seen at Strategies Conference 2021

Macro matters: In the end, the macro matters for portfolios
In the 1990s and 2000s, investors were largely able to ignore the macro picture. But macro forces have reawakened and matter more than ever for portfolios to succeed in meeting client goals in the years ahead.
Pippa Malmgren, Alva Devoy, Magatte Wade, Ruth Richardson | 1.00 CE | Watch, Listen

Philosophy | Markets | As seen at Strategies Conference 2021

Markets are the means, not the end
All markets are embedded in a web of human relations, values and norms. We must rethink the relationship between market and civil society to return to a more secure and stable economic plane.
Raghuram Rajan, The University of Chicago | 1.00 CE | Read, Watch, Listen

Finology | As seen at July’s All Things Considered Zoominar

To improve client discovery, we must focus more on self-awareness
Self-awareness has been hailed as one of the most important meta-skills of the 21st century. In an investment advice context, both advisers and clients benefit from engaging in activities that promote its development.
Rob Hamshar, Portfolio Construction Forum | 0.50 CE | Watch, Listen

Philosophy | Strategies | As seen at July’s All Things Considered Zoominar

Portfolio control is shifting back to a centralised model
With several catalysts impacting on the Australian advice landscape, we are seeing a resurgence back to centrally developed investment portfolio construction solutions - but the approach differs to history.
David Hutchison, NMG Consulting | 0.75 CE | Watch, Listen

Markets

The Long View: Waiting for a pullback?
A period of slower, yet still robust, economic and earnings growth will be powerful enough to elongate the current bull market. Long-term investors should take advantage of any market pullback.
Jeff Schulze, ClearBridge Investments | 0.50 CE | Read

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

Finology | As seen at June’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

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

Finology

About Finology Benchmarking Indices
Finology Benchmarking Indices will help you benchmark your investing biases, beliefs and behaviours vs peers, to further empower your client care and practice knowledge and skills.
0.50 CE | Read

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

Investing

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

Research Review: The mother of all biases
Investors rely on both their competence and confidence to make investment decisions. The overconfidence effect is sometimes dubbed the “mother of all biases”.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | Read

Investing

Research Review: Does SRI do good?
Many research papers address the investment performance of sustainable investing - few have investigated whether this form of investing actually achieves the intended good. Two papers address that gap.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.00 CE | Read

Finology

Research Review: How investors’ beliefs are shaped by experience
These two papers provide useful insights into how investors’ attitudes and behaviours evolve over time, and how our beliefs are distorted if we experience positive or negative prior returns.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | Read

Markets

The Long View: Inflationary riptide or reflationary current?
With a healthy consumer, accommodative policy, accelerating GDP and the potential for herd immunity from Covid-19, the risk of a US inflationary overshoot has increased. We believe any inflation scare, however, will be short-lived.
Jeff Schulze, ClearBridge Investments | 0.50 CE | Read

Strategies

An analysis of target date funds
Target date funds first became popular as a MySuper option. Leaving aside whether target date funds are a good idea in the first place, what these two papers highlight is a lack of thought in their design.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.00 CE | Read

Finology

Research Review: Probability weighting and investor behaviour
Even armed with objective probabilities to help decision-making, people often add their own subjective “weights”. Two papers explain this “probability weighting” and how it affects investment decisions.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | Read

Philosophy | Investing

Research Review: A closer look at value investing
Value investing proved to be successful strategy for nearly a century, before experiencing one of its worst performance periods in the last few years. These two papers examine whether implementation or low interest rates are the culprit.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.00 CE | Read

Strategies

Research Review: The adequacy of retirement income systems
While the retirement income system is designed to accommodate all individuals, the real test is its adequacy for the poor. These two papers address this issue for both Australia and the US.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.00 CE | Read

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

Forum CE Library - over 630 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 115 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.