Forum Fodder - Quarterly CE Alert!

Quarterly CE Alert! | December 2023

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 three months.

If you are pressed for time, you can tag learning activities to your Forum MySaved record to read/watch later. Click on the link in this email to go to the web page, then click the flag by the CE hours at the top of the page. Then when you’re ready to complete the learning activity, go to your MySaved record to see your list.

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, Legislated (AU), FAAA, FMA 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.

Markets

Markets Summit 2024 “History doesn’t repeat, but it rhymes!”
AEDT 8.30am-5.45pm Wednesday 21 February 2024
When it comes to what’s driving investment markets today, parallels are often drawn with prior eras. Some commentators liken today to the 1910s when geopolitical tensions curtailed globalisation and led to WW1. Others point to sticky inflation and “hot fronts” in a Cold War between democracies and autocracies as signs that the current environment is closer to that of the 1970s. Neither is a perfect analogy. Relative to the USSR in its heyday, today China arguably poses a greater challenge to the US-led order, given China’s extensive global economic entanglement and its progress in building an anti-western coalition. And current supply chain complexity, public and private debt, and advancements in artificial intelligence are all unprecedented.
Those who ignore the mistakes of history are doomed to repeat them. By distinguishing helpful precedents from false echoes, we can better understand what lies ahead for economies and therefore investment markets, and reorientate portfolios accordingly. History doesn’t repeat, but it rhymes!
Markets Summit 2024 will help you better understand the key drivers of and outlook for the markets, and the opportunities and risks ahead on a three- to five-year view, to aid your search for return and to help them build better quality investor portfolios.
Live studio, live site, or live stream | 7-11 CE | Mark Your Diary!

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 | Investing

Research Review: Wallstreet bets - then and now
The WallStreetBets phenomenon - and the sensational short squeeze of Gamestop in 2021 in particular - demonstrated the potentially dramatic influence of collective retail behaviour on financial markets.
Rob Hamshar, Portfolio Construction Forum | 2.00 CE | Read

Strategies | Markets | As seen at Strategies Conference 2023

If you do anything, invest in companies that embrace AI
AI has been described as important a lever for detaching economic growth from population growth as the steam engine. Companies that don’t use AI to remake their business simply don’t have a place in today’s portfolios.
Alex Pollak, Loftus Peak | 0.25 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

In 2023, every business is an AI business
We are living in the middle of a major societal shift towards not just the use of, but the reliance, dependence and advancement of our lives being built on technology that seeks to emulate us, mimic us and envelope us.
Grant McCarthy, Tidal Ventures & Shane Baldacchino, Microsoft | 0.25 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

Three global risks affect everything – you must do something(s)!
Three gigantic, global, interconnected risks have the potential to upend the world as we know it. Investors who understand these will be better positioned to successfully navigate the uncertainty plaguing our world.
Vikram Mansharamani, Visting Fellow | 0.75 CE | Listen, Watch

Investing | Finology | Philosophy | As seen at Strategies Conference 2023

If you do anything, use behavioural analysis in manager selection
In the same way that Moneyball has swept every professional sport, data science is bringing greater transparency to portfolio managers’ decision-making skill. To select managers capable of outperforming, behavioural analysis is crucial.
Clare Flynn Levy and Greg Dean | 0.50 CE | Read, Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

A regime shift demands an increased allocation to bonds
At a time when “you can do anything”, there are meaningful implications and opportunities for portfolio rebalancing and investors still structurally underweight bonds need to put aside recency bias and “do something” - now.
Rob Mead, PIMCO | 0.25 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

Global private debt is a core portfolio allocation
Yield premium over comparable liquid markets, control, upfront economics and low historical volatility and default rates make private credit an asset class to consider for a core allocation in investors’ portfolios.
Teiki Benveniste, Ares Australia Management | 0.50 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

If you do one thing, rebalance equities with cash generators
As markets become narrow and expensive, core, growth and quality portfolios are converging. This presents risks for many portfolios but a great opportunity for valuation-focused investors.
Warryn Robertson, Lazard Asset Management | 0.50 CE | Listen, Watch

Strategies | Markets | Investing | As seen at Strategies Conference 2023

Infrastructure is the essential ingredient in any portfolio
Every day, every one of us is touched by infrastructure and, the longer we live, the more billions of us there are, and the more we need infrastructure. Demand for essential infrastructure offers opportunities for investors.
Michael Bessell, Dexus | 0.50 CE | Listen, Watch

Strategies | Markets | Investing | As seen at Strategies Conference 2023

Add growth to portfolios with global small caps
Global small caps may be rewarded by the markets going forward supported by faster expected earnings growth and compelling valuations relative to large cap equities.
Trevor Gurwich, American Century Investments | 0.50 CE | Listen, Watch

Strategies | Markets | Philosophy | As seen at Strategies Conference 2023

If you do anything, increase your exposure to private markets
Opinions about private markets are often not rooted in facts, due in part to the fact that data on private markets has been scarce. But data is available and it debunks some of the common misconceptions about private markets.
Mario Giannini, Hamilton Lane | 0.50 CE | Read, Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

If you do anything, include private debt in portfolios
The unique characteristics of private debt make it ideal for any portfolio, fitting in either the defensive or growth component of a portfolio – or even both at the same time.
Andrew Lockhart, Metrics Credit Partners | 0.50 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

If you could predict one thing, make it equity earnings surprise
Brokers hire a great many analysts to write and publish detailed analysis on corporate earnings forecasts. It’s right to focus on earnings, but the level of delivered growth is less important than the surprise in growth (positive or negative).
Ram Rasaratnam, AXA Investment Managers | 0.50 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

If you do anything, capture energy transition via infrastructure
The transition a net zero emission economy offers risks and opportunities for investors. Infrastructure is a simple way to benefit from the transition to a net zero emission economy and represents a multi-decade growth opportunity.
Gerald Stack, Magellan Asset Management | 0.50 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

Valuation driven investors can’t ignore EM equities any more
Today, many of the leading companies servicing emerging market economies have superior earnings growth to developed market peers, with many trading even cheaper than at the height of the Covid market turmoil.
Ross Cameron, Northcape Capital | 0.50 CE | Listen, Watch

Strategies | Markets | As seen at Strategies Conference 2023

Don’t sit on the sidelines, invest in Global Corporate Bonds
Investment-grade corporate bonds can improve portfolio risk-adjusted returns. A focus on the highest quality global corporate bonds will provide opportunities for investors to capture future income, as well as add a defensive anchor within portfolios.
Jeremy Cunningham, Capital Group | 0.50 CE | Listen, Watch

Strategies| Investing | As seen at Strategies Conference 2023

Passive will beat active in private markets too!
Private Equity pooled returns have been attractive while also less volatile than investing in a single fund or fund-of-funds. Enabling investors to “buy the private market” would complement portfolios just like in public markets.
Edward Talmor-Gera, NewVest | 0.25 CE | Listen, Watch

Markets | Investing | As seen at Strategies Conference 2023

If you do anything, tap into the Au small cap alpha opportunity
Small Caps have underperformed large cap peers in recent times however cyclical factors today and a rebound in domestic risk sets up for the reemergence in Australian Smalls.
David Aylward, Tribeca Investment Partners | 0.50 CE | Listen, Watch

Strategies | As seen at Strategies Conference 2023

Multi-asset portfolios must focus on risk AND return outcomes
As professionals we need to stand with our clients and share our voice to ensure risk-aware approaches part of our investment landscape.
Anthony Golowenko, MLC Asset Management | 0.50 CE | Listen, Watch

Strategies | Investing | As seen at Strategies Conference 2023

Investing Roundtable - You can do anything, just not everything
The Investing Roundtable explored key challenges and opportunities that practitioners should be thinking about when building quality multi-asset, multi-manager portfolios - allocations to global small cap equities, returns-based fund style analysis, and optimised portfolio design.
Bronwen Moncrieff, John Laver, Michael Furey, Naomi Finnigan | 0.75 CE | Listen, Watch

Markets | Finology | Philosophy | As seen at Strategies Conference 2023

When investing, a youthful mindset is everything
The young are better able to navigate VUCA owing to their natural growth and learning mindset. In an environment where investors can do anything, just not everything, we can all benefit from adopting a youth mindset.
Tassos Stassopoulos, Trinetra Investment Management | 0.25 CE | Listen, Watch

Strategies | Markets | Philosophy | As seen at Strategies Conference 2023

If you do anything, embrace regime change in portfolios
Markets have undergone a regime shift - to prosper, we need to understand the factors that will be crucial to building multi-asset portfolios capable of delivering financial wellbeing in the years ahead.
Steve Hanke, Johns Hopkins University | 0.50 CE | Listen, Watch

Strategies | Markets

The equity affair is fraught - it’s time to partner with bonds
Achieving equity like returns with much lower risk and equivalent liquidity is the holy grail that is now on offer from high yield.
Paul Benson, Insight Investment | 0.25 CE | Listen, Watch

Markets

If you do anything, exploit the alpha in currency markets
Since central banks abandoned their ultra-loose monetary policies, currencies once again offer a source of investment returns, as well as portfolio diversification.
Razvan Remsing, Aspect Capital | 1.00 CE | Read, Listen, Watch

Markets

Q&A: US dollar will remain the world’s reserve currency
While the US dollar’s share of global foreign exchange reserves is in long-term decline, the currency’s dominance will continue despite the rising risk of embedded inflation.
Woody Brock, SED | 1.00 CE | Read, Listen, Watch

Strategies | Markets

You can’t do everything, but you can focus on trends
As economies slow, fixed income will once again provide portfolio diversification, allowing practitioners to focus on capturing long-term trends such as climate change and artificial intelligence.
Chris Iggo, AXA Investment Managers | 0.25 CE | Listen, Watch

Strategies | Markets

Inflation volatility demands investors think differently about how to invest
As we move into an era which is both more inflationary and more volatile, asset allocators will need to adapt in order to deliver returns. A dynamic and unconstrained approach to asset allocation will become essential.
Fiona Ker, Ruffer | 0.25 CE | Listen, Watch

Finology

Research Review: A closer look at fundamental beliefs
The authors of this paper propose that it’s not just confirmation bias, but the way it interacts with a specific set of fundamental beliefs that generates a surprisingly wide array of bias effects.
Rob Hamshar, Portfolio Construction Forum | 1.00 CE | Read

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

Forum CE Library - over 800 CE/CPD hours
Complimentary for all Forum members, the Forum’s online on-demand CE Library offers over 800 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, Legislated (AU), FAAA, FMA and CIMA^® CE/CPD requirements, to name 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 (AU), FAAA, FMA, etc).
Earn CIMA CE hours

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