Portfolio Construction Forum | 16 June 2023
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The Portfolio Construction Forum team
Forum Fodder | Friday 16 June 2023
“We are living in troubled times. Too much is happening too fast… In my opinion, the main source of the polycrisis afflicting the world today is artificial intelligence.” - Investor and philanthropist, George Soros (06 June 2023)
All the best for another week’s continuing education!
UPCOMING LIVE CE…
Strategies Conference 2023 “You can do anything, but not everything!”
AEST Wed-Thu 23-24 August 2023
Strategies Conference will challenge and refresh your portfolio construction thinking by debating contemporary and emerging portfolio construction strategies, to help you build better quality portfolios.
Today, as we continue to navigate the structural shift to an inflationary, higher interest rate investment regime in a volatile, uncertain, complex and ambiguous world, it stands to reason that portfolio strategies must continue to evolve from what worked in the prior “lower for longer” regime. Common wisdom warns us against throwing the baby out with the bathwater. Prioritising the most important changes to make to investment objectives, asset allocation, currency management, manager selection and blending, and portfolio risk management is key – because you can do anything, just not everything!
Join us in our live studio, a live site or live stream | 12-20 CE | Register now!
LATEST ON-DEMAND CE…
Markets | Finology | Philosophy
Revisiting the behavioural revolution in economics
Over the past 15 years, as behavioural sciences gained widespread recognition, economics has progressively acknowledged the significance of the biases that drive individuals and firms to behave irrationally.
Antara Haldar, University of Cambridge | Read
Crockpot: Using illiquid assets to smooth returns is cheating
Industry funds don’t use up to date valuations on their unlisted assets, and this is effectively cheating on their performance reporting? That’s nuts and you can clearly see it’s nuts.
Tim Farrelly, farrelly’s Investment Strategy | Read
Strategies | Finology | Philosophy | As seen at Finology Summit 2023
I believe lifetime income better delivers what clients want
A partial allocation of retirement savings to a contemporary lifetime income stream can help increase the certainty of delivering what the income that retiree clients want. And such an allocation can help clients preserve assets.
Andrew Lowe, Challenger | 0.50 CE | Listen, Watch
Strategies | Finology | Philosophy | As seen at Finology Summit 2023
I believe private equity is a must have in portfolios
Unlisted assets provide access to a bigger opportunity set that reflects active management in its truest form, giving opportunity for investment managers to further diversify multi asset portfolios with rich investments across diverse industries.
Dan Farmer, Insignia Financial | 0.50 CE | Listen, Watch
Investing | Finology | Philosophy | As seen at Finology Summit 2023
I believe ESG should be banned
ESG investment is coming under increasing criticism, some valid - but the real problem is the ill-defined use of the acronym itself and we will all be better off if we stop using it.
Tom King, Nanuk Asset Management | 0.50 CE | Listen, Watch
SHORT COURSE ON-DEMAND CE…
Finology | Philosophy
Behavioural Finance: Investment decision-making short course
Led by behavioural finance expert, Herman Brodie, the Behavioural Finance - Investment Decision-Making course will help you identify, analyse and evaluate the principal human preferences that influence decision-making in situations of uncertainty, so you can recognise and identify these preferences in others, to improve investment decision-making.
Herman Brodie | 8.00 CE | Enrol
RECENT ON-DEMAND CE…
Investing | Finology | Philosophy | Rated in the top 10 at Finology Summit 2023
I believe people-centric investors handle uncertainty better
To better develop the skills required to analyse corporates, we can start with individuals as case studies and scale from there. If analysts can’t do that, it’s unlikely they can address more complex situations.
Douglas Isles, Platinum Asset Management | 0.25 CE | Listen, Watch
Finology | Philosophy | Rated in the top 10 at Finology Summit 2023
I believe that having a Plan B is more important than Plan A
We can help retirees build and retain their sense of control by keeping on building trust and educating them, modelling possible outcomes and showing a planned approach – including providing a Plan B.
Richard Dinham, Fidelity International | 0.25 CE | Read, Listen, Watch
Strategies | Markets | Finology | Philosophy Rated in the top 10 at Finology Summit 2023
I believe in a portfolio tailored for the energy transition
The energy transition represents the greatest economic opportunity since the industrial revolution. Reliably capturing the potential and delivering tangible environmental impact requires three core beliefs.
David Costello, Magellan Financial Group | 0.50 CE | Listen, Watch
Strategies | Markets
Actively managed small caps is a core portfolio holding
Active management has consistently delivered outperformance in small companies as the opportunity set allows managers to demonstrate both stock selection and portfolio construction skill.
Andrew Mouchacca, Flinders Investment Partners | 0.25 CE | Listen, Watch
Markets | Finology | Philosophy | Rated in the top 5 at Finology Summit 2023
I believe behavioural alpha is the most sustainable
Investors today have more knowledge than any prior generation, however there remains a chasm between knowing and doing. Acknowledging we are all biased, because we are all human, is the first step to better decisions.
David Wanis, Longwave Capital | 0.25 CE | Listen, Watch
Strategies | Finology | Philosophy | Rated in the top 5 at Finology Summit 2023
I believe certainty of income leads to confidence
Retirement strategies must adapt in line with markets and demographics trends and the additional risks that are relevant for investors in decumulation.
Mark Lapedus, Allianz Retire+ | 0.50 CE | Listen, Watch
Investing | Philosophy
Research Review: Active index investing
The most recent evolution in index investing has been a drift into the active world. Until recently, active passive investing has not been subject to much analysis. The two papers considered here begin to make some inroads.
Ron Bird, Australian National University & Portfolio Construction Forum | 2.50 CE | Read
PLUS MORE ON-DEMAND CE…
Forum CE Library - over 700 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 21 governing bodies (regulators, associations, and institutes) including ASIC, APRA, Legislated, FAAA, FMA and CIMA® CE/CPD requirements, to name just a few.
Earn CE/CPD hours
Forum CIMA CE Library - over 150 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, Legislated, FAAA, FMA etc).
Earn CIMA CE hours