Forum Fodder - Quarterly CE Alert!

Quarterly CE Alert! | June 2024

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 months. Just scroll on down to get going!

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 record any time via your complimentary Forum MyCE record where you can store, view, print and export your CE/CPD 24/7 earned via the Forum and our CE Accreditation Partners.

 
Did you know?

• You can tag learning activities to your Forum MySaved list to read/watch later. Just click on the link to the learning activity (below) and you’ll be taken to it on our .edu.au site, then the top of the page under the headline, click the flag by the CE hours. When you’re ready to complete the learning activity, go to your MySaved list to get started.

• You can add other CE to your Forum MyCE record - Upload all your other CE/CPD (i.e. non-Forum accredited) to your Forum MyCE record so MyCE becomes your “source of truth” learning record store of all your CE/CPD. Go to your Forum MyCE record and click on “Add other CE/CPD you have earned” (below the View, PDF and Excel buttons).

• You can search for CE on specific competency areas (e.g. ethics) - Click on the lime green Search icon at the top of any page on the site, and find continuing education learning activities that most interest you, best suit your learning style, and/or meet the requirements of your licensee. You can search by CE competency (e.g. Ethics hours), by the type of CE regime (ASIC, Legislated, CIMA^®, etc), by author, by knowledge domain (Strategies, Markets, Investing, Finology, Philosophy), by way of learning (read, watch, or listen), year or program. Click on the lime green Search icon at the top of any page on the site.

Strategies | Markets | Investing | Finology | Philosophy

23rd annual Portfolio Construction Forum Strategies Summit 2024
AEST Wednesday 21 August & Thursday 22 August 2024
Established in 2002, Strategies Summit is THE portfolio construction strategies forum of the year. It will challenge and refresh your portfolio construction thinking, as we debate contemporary and emerging portfolio construction strategies to help you build better quality investor portfolios. Presented in Sydney each August, the face-to-face and online learning program features 50+ carefully selected leading investment thinkers - portfolio managers, CIOs, senior investment analyst, investment strategists, economists, research consultants and practitioners - from around the world, offering their best high conviction ideas on contemporary and emerging portfolio construction strategies. Early Bird registration opens next week! Meanwhile, watch the highlights from past programs
Live studio, live site, or live stream | 14+ CE | Mark Your Diary!

Strategies | Markets | Investing | Philosophy | All Members

Short Course: Mastering private debt investing
Examining the unique characteristics that make private debt a compelling investment. Private debt has grown in popularity as an alternative source of debt financing, with the asset class tripling in size since 2008. Curated and produced by Portfolio Construction Forum, and led by private debt investing subject matter expert, Andrew Lockhart, this self-paced, two-hour online short course equips you with the expertise to navigate private debt investment confidently across diverse market conditions.
Metrics & Portfolio Construction Forum | 2.00 CE | Enrol

Finology | Philosophy | Ethics hours! | Premium

On The Hunt: Ethical behaviour profiling
On the Hunt is a monthly lecture series focused on the human factors in investment portfolio construction, including the ethical implications. It will help you better identify and understand how investing biases, beliefs and behaviours impact portfolio construction practices - and therefore, investment outcomes - to help you build better quality investor portfolios.
Katherine Hunt, Ardentura Consulting | 1.00 CE (Ethics) | Enrol

Finology | Philosophy | Premium

Behavioural Finance: Investment decision-making short course
Led by behavioural finance expert, Herman Brodie, this online, on-demand course completed at your own pace 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

Strategies | Markets | As seen at Markets Summit 2024

This time is different because every time is different
There’s much to learn from history, but every time is different when it comes to markets. The backdrop for investing will require investors to identify how the outlook today intersects with our experiences of the past and where it differs.
Ronald Temple, Lazard | 0.50 CE | Listen, Watch

Finology

Research Review: Financial nudging and financial mindfulness
It is well-established that investors and service providers should take human behaviour into account when making financial decisions. These papers look at how two techniques drawn from psychology - financial nudging and financial mindfulness - can influence investor behaviour.
Ron Bird, Australian National University & Portfolio Construction Forum | 1.50 CE | Read

Markets | As seen at Markets Summit 2024

Bonds matter, no matter hard or soft landing
This economic cycle will mean revert to a traditional business cycle - a cycle that may not exactly repeat but will rhyme with prior inflation cycles. Opportunities exist in global bonds in 2024 and 2025 no matter hard or soft landing outcomes.
Jack McIntyre, Brandywine Global | 0.50 CE | Listen, Watch

Markets As seen at Markets Summit 2024

Investors are likely winners in a Biden-Trump rematch
Second term presidents tend to be more ideologically aggressive, since they are freed from the need to face voters again. Investors globally need to think through the implications of a second term for either candidate.
Libby Cantrill, PIMCO | 0.50 CE | Listen, Watch

Finology | Ethics hours!

Research Review: Moral luck and investment
When evaluating investment performance, we generally acknowledge a fundamental distinction between skill and luck. This research paper looks at the concept of “moral luck” and finds that the outcome of an investment recommendation may shape others’ evaluations of both the skill and the morality of the investment adviser.
Rob Hamshar, Portfolio Construction Forum | 1.50 CE | Read

Markets | Investing | As seen at Markets Summit 2024

Ignore macro forecasts to enhance global equity returns
While investors need to be mindful of the potential risks posed by different stress events, they should largely ignore macro and geopolitical predictions when it comes to selecting companies to invest in.
David Allen, Plato Investment Management | 0.50 CE | Listen, Watch

Strategies

Guide to providing advice to wholesale clients
This Guide sets out a procedure to recommend financial products that are only available to Wholesale Clients including the method for classifying a client as a Wholesale Client and common misconceptions about providing advice to them.
Wildflower Capital | 0.50 CE | Read

Markets | As seen at Markets Summit 2024

GEM is offering one of the biggest opportunities in a lifetime
Equity valuations are at attractive levels for most emerging markets but the lack of interest in emerging markets in general has led to extraordinarily attractive valuations.
Joseph Lai, Ox Capital Management | 0.50 CE | Listen, Watch

Finology

Research Review: Reconsidering loss aversion
The idea that individuals are more sensitive to losses than to equivalent gains is critical in investment decision-making. Two recent papers highlight that loss aversion/tolerance is a more nuanced phenomenon than is commonly recognised.
Rob Hamshar, Portfolio Construction Forum | 1.50 CE | Read

Markets | As seen at Markets Summit 2024

Private Credit is a structural evolution, not risky business
Despite outpacing traditional fixed income and even exceeding long-run equity returns, some commentators argue that Private Credit represents emerging systemic risk. That is a fundamental misunderstanding.
Frank Danieli, MA Financial Group | 0.50 CE | Listen, Watch

Markets | Investing

Research Review: Wider implications of the swing to passive investing
Three articles provide us with insights into the impact that the growth in passive management has had on the performance of active managers; the risks taken by active managers and the general efficiency of markets; and, the behaviour of markets.
Ron Bird | Australian National University & Portfolio Construction Forum | 2.00 CE | Read

Markets | Investing As seen at Markets Summit 2024

Don’t be anchored by the ‘dinosaur seven’, growth is in Ex 20
Investors should explore opportunities beyond the ASX20, focusing instead on the Ex-20 index which provides exposure to Australia’s future rather than its past.
Dion Hershan, Yarra Capital Management | 0.50 CE | Listen, Watch

Markets | Finology

Research Review: Great expectations
The future state of the economy and markets depends, in part, on what people expect it will be. Understanding people’s expectations, and how and why they form and revise them, has important implications for portfolio construction practice.
Rob Hamshar, Portfolio Construction Forum | 1.50 CE | Read

Markets | As seen at Markets Summit 2024

The return of history is reshaping investment markets
Three investment experts offer and debate their high conviction thesis on a long-term, deep rooted structural change impacting markets over a decade or more.
Oliver Hartwich, Chris Rogers, Vikram Mansharamani | 1.00 CE | Listen, Watch

Finology

Research Review: An economics lens on ‘attention’
This paper provides a comprehensive review of the psychology of attention and its relationship to key economic concepts (utility, risk-taking, social preferences, and learning), and the emerging role of AI in the modern economy.
Rob Hamshar, Portfolio Construction Forum | 1.50 CE | Read

Markets As seen at Markets Summit 2024

Companies are doomed to repeat past disruption failings
There’s no such thing as “normal” for supply chains. The challenges for 2024 and 2025 that echo the past include logistics network disruptions, geopolitical risks and the cash costs of environmental policies - which make investing in supply chain security more important than ever.
Chris Rogers, S&P Global Market Intelligence | 0.25 CE | Listen, Watch

Investing | Finology

Research Review: Investor warm glow optimisation
This paper provides a penetrating view into some of the motivational dynamics in play for individual investors who select sustainability-related investments, and implications for financial intermediaries who manufacture and sell such products.
Rob Hamshar, Portfolio Construction Forum | 2.00 CE | Read

Markets | As seen at Markets Summit 2024

GREITs - not drowning, waving!
For the last two decades, private equity has consistently outperformed the public market, through market cycles and with less volatility. In 2023, private equity continued to show superior returns in the mid-market. Looking forward, the outlook for is stronger.
Andrew Parsons, Resolution Capital | 0.50 CE | Listen, Watch

Markets | As seen at Markets Summit 2024

Not to harp, but senior loans deliver a higher Sharpe!
Market cycles show there is a clear anomaly in the Senior Secured Loans space with record setting yields and compelling risk-adjusted returns.
Gerard Fogarty, Invesco | 0.50 CE | Read, Listen, Watch

Markets | As seen at Markets Summit 2024

Private debt can counter history
History shows investors should always expect the unexpected – which simply underscores the benefits of adding private debt to a portfolio.
Andrew Tremain, Metrics Credit Partners | 0.50 CE | Listen, Watch

Markets | As seen at Markets Summit 2024

Private equity outperforms, with less volatility
Global REITs have been overwhelmed by the rapid rise in interest rates, headlines about the demise of the office, and concerns over bank lending to commercial real estate. However, history is not repeating. The industry is in strong shape.
Justin England, Five V Capital | 0.50 CE | Listen, Watch

Markets | As seen at Markets Summit 2024

The acute need for housing supports private credit returns
Australia’s residential vacancy rate is at a record low and net overseas migration at a record high. But, the banks can no longer participate in the market like they used to, providing greater opportunity for real estate private credit.
Mark Power, Qualitas | 0.50 CE | Read, Listen, Watch

Markets | As seen at Markets Summit 2024

Use Australian Equities to hedge this 1970s-like cycle
Higher than desired inflation is now structurally embedded in the global economy. The boom-bust inflation cycle of the 1970s gives a useful historical parallel, providing investors insight into the coming decade.
William Curtayne, Milford Asset Management | 0.50 CE | Listen, Watch

Markets | As seen at Markets Summit 2024

The Magnificent 7 is not driving a tech wreck repeat
The technology sector has now eclipsed its all-time high relative to the S&P 500, exceeding its dot.com bubble highs. So this begs the question – is this a bubble and what is the risk of another tech wreck?
Alan Pullen, Magellan Asset Management | 0.50 CE | Listen, Watch

Markets | Strategies As seen at Markets Summit 2024

History is echoing – this is a year to be tactical
With heightened global geopolitical risks, reduced fiscal support from governments, a deflating Chinese property bubble, and an ongoing US commercial real estate crisis, 2024 is a year for investors to be nimble and tactical.
Jonathan Pain, The Pain Report | 0.50 CE | Listen, Watch

Strategies | Markets | Investing | As seen at Markets Summit 2024

History doesn’t repeat, but it rhymes! Key takeouts
Our diverse panel of experts debated the high conviction propositions they heard during Markets Summit 2024 and the portfolio construction implications.
Vihari Ross, Marisa Broome, Adam Bowe, Dan Farmer, Tim Farrelly | 0.75 CE | Listen, Watch

Strategies | Markets | Investing | Finology | Philosophy

Ultra-low rates are history - portfolios need more bonds
We are in an investment environment like that of the pre-GFC period. Bonds will offer higher levels of both income and diversification, within a multi-asset portfolio.
Chris Iggo, AXA Investment Managers | 0.25 CE | Listen, Watch

Strategies | Markets

Global trade is being rewired, hailing a new investment regime
Contrary to wide opinion, globalisation is not “history” but is being reinvented. For investors, a less interconnected world has significant implications for corporate capital expenditure and country allocation.
Kevin Hebner, Epoch Investment Partners | 0.25 CE | Listen, Watch

Investing

Design and Distribution Obligations (DDO) Report 762: Investment products
This report summarises the key observations from ASIC’s review of how issuers of investment products are meeting design and distribution obligations and areas for improvement.
Portfolio Construction Forum | 1.00 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

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.