Portfolio Construction Forum | 14 January 2022
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Forum Fodder | Friday 14 January 2022
“Is there anything positive we can say about 2021? Yes. We can say it was marginally better than 2020. Granted that’s not high praise… Anyway, our point is not that 2021 was massively better than 2020. Our point is that at least it was different. A variant, so to speak.” - Washington Post humourist, Dave Barry in his annual Year in Review (without doubt the funniest roundup you’ll read).
All the best for a prosperous and happy 2022!
P.S. Register now! Portfolio Construction Forum Markets Summit 2022 - The best offence is a great defence! Wednesday 23 Feb 2022. Join us in our live studio (Sydney), at a live site or via live stream. Find out more and register
P.P.S. Enrolment is now open for the 2022 intake for the Certified Investment Management Analyst® program. Are you involved in any aspect of constructing multi-manager, multi-asset portfolios? Find out more and enrol
LATEST ON-DEMAND CE…
22 global developments to watch over the next five years
2021 is a year that reminded me of the song “If You’re Going Through Hell”. In the spirit of productive thinking and consideration of potential futures, I offer you my 2022 predictions for the next five years.
Vikram Mansharamani, Harvard University | Read
Markets | Strategies | Investing | Finology
Q&A: Higher inflation is here to stay
As governments become accustomed to spending vast sums of money and workers regain their bargaining power, the short-term inflationary pressures attributed to Covid-19 will bleed into a longer period of higher inflation.
Woody Brock, SED | Watch, Listen
Strategies | As seen at Strategies Conference 2021
Total return beats income investing in the retirement race
Total return portfolios can support retiree spending strategies while removing the temptation to increase risk - in the end, producing better outcomes for retirees.
Aidan Geysen, Vanguard Investments | 0.50 CE | Watch, Listen
Philosophy | Portfolio Construction Forum proudly supports The Wayside Chapel
Making plenty of gravy
Usually I would fill the next few paragraphs with my own tales and musings from Wayside Chapel as seen through my eyes, but for my final note of the year I think it best you hear from someone else.
Jon Owen, Wayside Chapel | Read
Did you know? You can log any CE you earn into your MyCE record
You can upload any other CE hours you earn (i.e. even if it’s not accredited by the Forum) to your Forum MyCE record so it becomes your “source of truth” learning record store of all your CE/CPD. You can view, print or export your MyCE record to email to others.
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…
Markets Summit 2022 “The best offence is a great defence!”
AEDT Wed 23 Feb 2022
With interest rates near historical lows and asset prices around all-time highs, practitioners are grappling with the defensive side of multi-asset portfolios. Downside protection is essential in such an uncertain environment. Arguably, the best offence is a great defence! Established in 2009, Markets Summit is THE investment markets scene setter of the year. The one-day 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.
Join us at our live studio, a live site, or via live stream | 7-11 CE | Register now!
Certified Investment Management Analyst® (CIMA®)
Stand for More in 2022! 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 is now open for the 2022 intake | Find out more and enrol
RECENT ON-DEMAND CE…
Markets | Strategies
Crockpot: Cash rates will rise. Beware duration!
The idea that duration is to be avoided at this stage of the cycle? It’s bad economics, bad market timing, and bad risk management. It’s nuts and you can clearly see it’s nuts!
Tim Farrelly, farrelly’s Investment Strategy | 2 comments | Read
Markets | Strategies | See more from Ronald at Markets Summit 2022 - register now
Investors need a great defence and offence in a high growth world
Fiscal stimulus will help boost US growth to its strongest levels in decades in 2022 and European economies are poised to rebound. However, inflationary pressures will persist. Portfolios will need assets that provide downside protection, as well as strategies to capitalise on the growth ahead.
Ronald Temple, Lazard Asset Management | Watch, Listen
Philosophy | Finology
Rich Pickings - Andrew Clifford
Rich Pickings explores the investment beliefs and philosophies of prominent professional investors. In this episode, I’m in conversation with Andrew Clifford, co-founder, co-CIO and CEO of international equities manager, Platinum Asset Management.
Graham Rich, Portfolio Construction Forum | Watch, Listen
Philosophy | Markets | Strategies
The world can’t “cop-out” of COP26
Scientific studies suggest the world is still on track to exceed the 1.5 degrees Celsius increase in temperature relative to pre-industrial times, by 2050. We collectively need to do more - and the power of private capital has a key role to play.
Chris Iggo, AXA Investment Managers | Read
Finology | As seen at Finology Summit 2021
The financial services industry has made money boring
The financial services industry has done the impossible and made money boring, opaque and difficult to understand. If we better understand the psychology of money, we can better help our clients.
Adam Ferrier, Thinkerbell | 0.50 CE | Watch, Listen
Can the Fed overcome its transitory policy mistake?
Key officials at the US Federal Reserve have finally acknowledged that they mischaracterised an inflationary surge that has proven larger and more persistent than they expected. The Fed must now follow up by doing two things quickly.
Mohamed El-Erian, Allianz | Read
Philosophy | Markets| Investing
SDGs are the framework for holistic sustainable investing
The 17 Sustainable Development Goals (SDGs) are vitally important to building a better world for all humanity. Using an SDG framework reduces portfolio risk while making a positive SDG impact.
Erik Keller, Robeco | Read, Watch, Listen
Philosophy | Strategies | Investing | As seen at Strategies Conference 2021
Private debt is not an alternative
Private debt essential to modern investment portfolios. If the end objective is an attractive risk-adjusted return, then private debt is the means to get there.
Andrew Lockhart, Metrics Credit Partners | 0.50 CE | Watch, Listen
Finology | As seen at Finology Summit 2021
Finology benchmarking matters
Knowledge and proficiency in behavioural finance and investor psychology - finology - is developing ever better relationships with clients to help them achieve their goals. Benchmarking your current finology proficiency matters!
Rob Hamshar, Portfolio Construction Forum | 0.75 CE | Read, Watch, Listen
Philosophy | Strategies | Finology | As seen at Finology Summit 2021
A reductive macro-economic framework can manage biases
When markets are exuberant, it is difficult to see - let alone act - against the hubris. When markets are down in the dumps, it is difficult to see past the misery. A reductive macro-economic framework may help.
Joseph Lai, Ox Capital Management | 0.50 CE | Read, Watch, Listen
Very disappointing article
The groupthink in finance and economics globally was for too long that inflation was “transitory”. For goodness sake, inflation was staring us in the face as soon as toilet rolls started flying off the shelves in March last year…
Jonathan Young, Professional Wealth Services | Read
PLUS MORE ON-DEMAND CE…
Forum CE Library - over 660 CE/CPD hours
Complimentary for all Forum members, the Forum’s online on-demand CE Library offers over 660 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 125 CE hours
This subset of our full 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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