1. Imputation refunds have to go?

    The idea that imputation refunds are an unfair, expensive rort is gaining acceptance in the community. The Labor proposal is not fair, nor much of a revenue earner. It's not even nuts. It is just wrong.

    Tim Farrelly | 12-03-19 | 5 comments | More
  2. Physical impacts of climate change

    Climate change is affecting countries, companies, assets and communities in a variety of ways. Good stewardship of client assets requires investors to consider these issues.

    Colonial First State Global Asset Management | 05-03-19 | More
  3. Research Review: The cost of misbehaviour and passive investing

    Two recent papers provide timely insights on the market impact of behaviour that is detrimental to corporate reputation, and the impact of ever-growing passive investing on behaviour within organisations.

    Ron Bird | 27-02-19 | 1.00 CE | More
  4. The heat is on - where investing meets investors

    Human beliefs, biases and behaviours are central to the behaviour of financial markets, causing financial and economic instability to persist.

    Pippa Malmgren | 20-02-19 | 0.50 CE | 1 comment | More
  5. IMAC: Equity Investments

    This lecture instructs IMAC candidates on the principles of equity securities and analysis including: fundamental investing and analysis; industry analysis; corporate analysis; quantitative investing; momentum investing; value/contrarian investing; and, technical analysis.

    Ron Bird | 18-02-19 | More
  6. IMAC: Options, Futures & Other Derivative Investments

    This lecture instructs IMAC candidates on: the primary roles of derivatives in investment portfolios; the difference between futures and forwards contracts and options; the risk and return characteristics of options; risk management strategies using derivatives; return enhancement strategies using derivatives; and, option pricing.

    Nadima El-Hassan | 18-02-19 | More
  7. IMAC: International Investing

    This lecture instructs IMAC candidates on how to make decisions about a portfolio's market and currency exposure, and to determine the impact of those decisions on portfolio performance. To various extents, these topics are considered in other IMAC lectures (currency management, asset allocation, performance measurement) and hence this lecture fills the gaps.

    Ron Bird | 18-02-19 | More
  8. IMAC: Portfolio Risk Management Strategies

    This lecture instructs IMAC candidates on: the multifactor approach to portfolio risk management; sources of risk that may be identified and managed within a portfolio; how risk may be managed using futures and options; Value-at-Risk as a measure of portfolio downside risk; Risk budgeting and Value-at-Risk; and how risk may be decomposed using value-at-risk to measure a portfolio’s overall risk.

    Nadima El-Hassan | 18-02-19 | More
  9. Shareholders? Who needs them?

    The former head of the Australian Stock Exchange recommends that dividend imputation should be abolished?

    Tim Farrelly | 06-02-19 | 2 comments | More
  10. Reflections on the yield curve: Is this time different?

    Yes, it’s possible that we enter a recession in the not too distant future. But the best curve to forecast recessions still has a positive slope.

    Payden & Rygel | 05-02-19 | More
  11. The volatility of profit margins

    Cyclical volatility in earnings has increased dramatically since the 1980s. The recent Apple profit warning is an excellent case in point.

    Robert Gay | 14-01-19 | More