My bottom line for 2014 is that investors should be overweight global equities, underweight bonds. My biggest call? China's stockmarket could be the best performing.

Jonathan Pain

A year ago, the world was salivating at the prospect of current account deficits in the developing world. Now, it's terrified. It's a terrific investment opportunity.

Bruce Stout, Aberdeen Asset Management

What's a very good long-term return from equity markets? What's fair? Take for example, Sigma Pharmaceuticals.

Simon Mawhinney, Allan Gray

Efficient market theory claims you can't beat the market. Seductive as it is, this claim is incorrect, as research makes clear.

Woody Brock

It's now time to start looking into alternatives to equities and bonds.

Tim Farrelly | 2 comments

Three key shock risks will affect investors over the next decade, requiring a real difference in how we construct portfolios for retirement.

Nick Bullman, CheckRisk

What makes this cycle so different? Five reasons - two are quite conventional, three are not. With proper economic policies, good times could lie ahead for the West.

Woody Brock

The recent Jackson Hole Federal Reserve Conference was my 10th or 11th. I saw a fascinating disconnect between policymakers and the markets.

Hon. Dr Pippa Malmgren, DRPM Group | 3 comments

I'm used to being alone and against consensus. I believe the next decade is going to see the strongest level of global economic growth anyone today has seen.

Jonathan Pain

A growing army of data scientists is mining patterns from our online activity. What are the implications for investment?

Bradley Betts, BlackRock

Indonesia's rise is one of the big stories of the Asian century, a future great power in Asia, just behind China and India. Indonesia may matter as much to Australia investors as China and the US.

Manu Bhaskaran, Centennial Asia Advisors

All of the Conference sessions are building blocks for this session which helps delegates determine the key takeouts from the jam-packed program and actions delegates should take when building investor portfolios.

Tim Farrelly, Angela Ashton, David Bell

To build a truly diversified portfolio, you need to consider alternative investments as a third dimension alongside equities and fixed income.

Sam Mann, K2 Advisors

Multi-asset absolute return investing offers more certainty of achieving the right outcome for clients and portfolios which are more sustainable through an investor’s life stages.

Christopher Nichols, Standard Life Investments

A fundamental-based approach to equity index investing can be a powerful way to reduce risk and improve performance over the investment lifecycle.

Chris Brightman, Research Affiliates

Top performing shares often display a high ROE, while poor performing shares display the reverse - making ROE a superior valuation input to PE ratios.

John Abernethy, Clime

Australians have sought offshore diversification for years. The logical extension is to think more deeply about how to make offshore exposures complement local ones.

Michael Blayney

Agricultural equities is the 'third leg' of the global natural resources sector, joining energy and mining.

David Whitten, 90 West Asset Management

Real return funds with their more dynamic and go-anywhere structures are designed to be able to navigate through difficult and normal times. Can they really deliver?

Anne Richards, Aberdeen Asset Management

If you're making investments you can't sell for 10 years, how do you go about selecting them? What lessons can be learned from history?

Peter Wilmshurst, Franklin Templeton Investments

Simplifications taken in building Australian equity strategies may result in a portfolio that doesn't achieve what it's been designed to do, particularly in relation to income and volatility.

Rudi Minbatiwala, Colonial First State

Allocating to countries with net wealth rather than net debt can lead to superior portfolio outcomes.

Andy Seaman, Stratton Street Capital

Under the lifecycle investing approach, real return outcomes are the most crucial measure of investment outcomes. But managing real return risk involves thinking differently about what risk really means in portfolios.

Tim Farrelly

The first argument for investing in emerging markets is that's where the growth is. That said, high economic growth does not necessarily imply high stock returns.

Prof. Burton Malkiel, Vanguard Investments

China needs to embrace a stronger RMB - can it become the EM's Duetsche Mark - while Japan has embarked on a structurally weak yen, with profound implications for the rest of the world.

Louis-Vincent Gave, GaveKal

Reforms undertaken after the 1997 crisis drive the economic resilience of South East Asia today. Going forward, cyclical risks exist, but the region is set to do better still.

Manu Bhaskaran, Centennial Asia Advisors

China has a very new type of leader. It is in the sphere of domestic politics and economic policy, in particular, that the extent of Xi's power and his policy preferences are unclear. The signals have been mixed.

Linda Jakobson

For most, human capital is the most important source of financial capital and consumption through life. Nurturing, managing and protecting it is of paramount importance.

Graham Long, The Wayside Chapel

The world is going through a period of demographic shift that is without parallel in history - with six investment sectors advantaged.

Amlan Roy, Credit Suisse

At a practical level, how can we manage the risk of a client not maintaining their desired standard of living in retirement because they have lived longer than expected?

Tim Farrelly | 2 comments

Recorded exclusively for PortfolioConstruction Forum PIMCO's Mohammed El-Erian discusses QE, and whether Australia can continue to escape the new normal.

Mohamed El-Erian

The rule of thumb 4% pa safe withdrawal rate has proven fairly robust in ensuring most retirees don't run out of money, but it is coming under pressure in the current environment.

Michael Kitces

Managing sequencing risk - the risk of poor or negative returns near or around retirement age when a portfolio is at its largest and most vulnerable - is a critical component of lifecycle investing.

Michael Drew, Griffith Business School

Is the strong performance of trend-following strategies a statistical fluke of the last few decades or a more robust phenomenon over a wide range of economic conditions?

Gregor Andrade, AQR Capital Management

Yield hungry investors would do well to take stock of their real investment objectives before making the headlong plunge into rapidly appreciating high yielding stocks and bonds.

Greg Cooper, Schroders Australia

Today's younger generation will become tomorrow's older generation. This predictability makes demographic shifts the single most powerful investment force of our time.

Nicky Stafford & Hilary Natoff, Fidelity Worldwide Investment

In constructing a portfolio to help clients meet their retirement goals, practitioners need to factor in the three most significant risks. A logical, valuation-based approach can help.

Richard Carter, Allan Gray

Baby boomer retirees need an investment approach that delivers the income they need and maintains the ability to meet their other objectives too.

Aaron Minney

Recorded exclusively for PortfolioConstruction Forum, Prof. Jack Gray explains why lifecycle investing concepts needs adaptation for Australia.

Prof Jack Gray, UTS

As investors move into decumulation, infrastructure can make a meaningful contribution to portfolios.

Nick Langley

The traditional balanced fund for retirement investing resulted in a GFC return of -27%. It's time to put in place a new approach to plan for THE future as opposed to A future.

Dan Farley, State Street Global Advisors

Australian investors can get better returns and increase the transparency of the companies they invest in, by including unlisted equity in portfolios.

Stefan Naef, Partners Group

Traditional unit trust structures can be disadvantageous to clients seeking higher income. New options better manage this from both an investment and structure perspective.

Jason Petras, BT Investment Management

To fill the income void, investors need not look much further than Australia's liquid and ever-growing bond market which, unlike the majority of the developed world, still offers positive real rates.

Robert Mead, PIMCO

Exclusively for PortfolioConstruction Forum, Nobel laureate Robert Merton discusses moving to an income goal for the retirement phase of an investor's lifecycle.

Prof. Robert Merton, Dimensional Fund Advisors | 1 comment

Lifecycle investing differs from more traditional approaches to financial planning in a number of important ways - but it is not without its challenges.

David Bell, St Davids Rd Advisory | 3 comments

Recorded exclusively for PortfolioConstruction Forum Conference, Larry Fink argues that if we don't address the challenges of increasing longevity, it will be an expensive blessing.

Larry Fink, BlackRock

Recorded exclusively for PortfolioConstruction Forum, Sonal Desai argues it's vital to distinguish between sources of negative bond returns.

Sonal Desai, Franklin Templeton Investments

Like people, economies and markets have lifecycles. This global macro economic, geopolitical and market scene setter looks at where we are in the macro lifecycle and implications for portfolios.

Hon. Dr Pippa Malmgren, DRPM Group

Recorded exclusively for PortfolioConstruction Forum, Alan Brown argues that what really matters to people is money-weighted rates of return.

Alan Brown, Schroders

Better quality portfolio construction must take a whole of life focus, considering accumulation and decumulation as equally important phases of one continuous process.

Graham Rich, PortfolioConstruction Forum

There will be a significant focus by investors in the future to address the mismatch between their risk profile and the risk level of their portfolios.

David Saunders, K2 Advisors

The Academy Spring Seminar 2012 featured four sessions: Believe it or not; Improving decision-making under uncertainty; Diversification - where it works (and where it doesn't); and The changing of the Chinese guard.