Forum Fodder

Forum Fodder | Friday 23 June 2023

"Outrageous as it currently sounds, I bet that [Robert F Kennedy Jr] will be the next American President. - Dr Pippa Malmgren, economist and former adviser to President George W Bush (20 June 2023)

All the best for another week’s continuing education!
Graham

Strategies

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.
But, 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!

Markets

Strengthening the global balance sheet
In recent decades, the world’s wealth soared as low interest rates drove up asset prices. But the global balance sheet is rife with fragilities. How the world borrows, lends, and creates wealth may change fundamentally.
Olivia White, Jonathan Woetzel and Jan Mischke, McKinsey & Company | Read

Finology | Philosophy | As seen at Finology Summit 2023

I believe in building justified trust
To earn justified trust from clients and deliver consistently good outcomes for them year after year requires globally recognised fiduciary standards of care.
Aaron Drew, MyFiduciary | 0.25 CE | Listen, Watch

Finology | Philosophy | As seen at Finology Summit 2023

Investors should listen to their gut feelings when taking risk…
…though not unconditionally. The nascent field of Neurofinance suggests that investors attuned to their emotions can make better decisions during critical market events.
Elise Payzan-Le Nestour, UNSW Business School | 0.50 CE | Listen, Watch

Strategies | Philosophy | As seen at Finology Summit 2023

I believe every balanced portfolio should include CRE debt
CRE debt provides dependable returns, backed by real property first mortgages. On a risk-adjusted return basis, every balanced portfolio should include an allocation to CRE debt.
Patrick Keenan, Pallas Capital | 0.50 CE | Listen, Watch

Investing | Finology | Philosophy

Research Review: Beyond sustainable investing returns
The bulk of the research on sustainable investing has concentrated on returns. These two papers look beyond that to whether investors are so committed to sustainability that they will continue to invest irrespective of returns or fees.
Ron Bird, ANU and Portfolio Construction Forum | 2.00 CE | Read

Investing

Volatility of illiquid assets
Thanks, Tim, excellent points showing that the lower volatility of illiquid assets provides the opportunity for industry funds to a have higher exposure to assets that generate the best long-term returns…
Mark Hayden, Hayden Financial Services | Read

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

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

Investing

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

Markets

America and China are on a collision course
The G7 countries may have set out to deter China without escalating the new cold war, but the perception in Beijing suggests that they failed.
Nouriel Roubini, Roubini Macro Associates | Read

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

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

Connect with us on LinkedIn
We 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. And of course, I’d welcome having an offline direct conversation with you any time.