1. The new normal minus - Bill Gross' revised paradigm

    PIMCO founder and co-CIO, Bill Gross, has recently appending the even drearier modifier "minus" to his "new normal" moniker. He explains why, and the implications for those building portfolios...

    Robert Huebscher, Advisor Perspectives | 21-12-11 | More
  2. financialalert Person of the Year 2011

    2011 was a watershed year for the New Zealand financial advisory industry, as the regulation rubber hit the road. Our financialalert Person of the Year 2011 stood out for his enthusiastic, energetic leadership at a time when many advisers were struggling with the additional demands the introduction of regulation has brought as well as the challenging market environment...

    Deirdre Keown, PortfolioConstruction Forum | 15-12-11 | 1 comment | More
  3. Preparing clients for the ugly times

    We might wish our clients’ investment journeys will invariably be beautiful experiences - but we know that things will turn ugly from time to time. How do we prepare our clients for the ugly times? What do they need to know?

    Goeff Davey | 12-12-11 | More
  4. Is China heading for a hard landing?

    A soft landing in China is beginning to look like wishful thinking. The investment v consumption imbalance has only worsened...

    Aberdeen Asset Management | 12-12-11 | More
  5. BRIC turns 10

    It's 10 years since Jim O'Neill - a regular speaker at PortfolioConstruction Forum - coined the term 'BRIC'. These BBC podcasts look at what's ahead for the BRIC economies...

    08-12-11 | More
  6. Time to sell up?

    With regulation taking hold, many adviser practices are simply not as profitable to operate as they use to be - and some may be asking themselves if this is a good time to exit. But holding out for another five years may well pay off...

    David Maida, financialalert | 08-12-11 | More
  7. Research Roundtable


    04-12-11 | More
  8. Research Roundup


    04-12-11 | More
  9. Are emerging markets as resilient as in 2008?

    Most emerging countries were able to counter an economic slowdown in developed countries in 2008-09. Can this scenario be repeated?

    Bunt Ghosh | 11-11-11 | More
  10. Research Review: Hedging int'l equities

    We asked the fund research houses - how much (if any) of an international equities allocation should be hedged, assuming a 10-year investment timeframe?

    Compiled by PortfolioConstruction Forum | 10-11-11 | More
  11. Q&A: Chris Watling - the Euro and QE3

    Will the Euro exist in ten years? Why doesn't Germany leave the EMU? How will Euro confidence improve? What structural changes must occur in Australia? Do free markets work? Will QE3 actually help? Has the world reached the limits of GDP growth?

    Chris Watling | 20-10-11 | 1 comment | More
  12. 2011 Conference - Webcast

    Conference 2011 helped delegates better understand the key macro AND micro issues and what they mean for investor portfolios. This Resources Kit features videos, presentations, papers and podcasts for the 36 sessions featuring more than 40 investment experts...

    19-10-11 | More
  13. 2011 Conference - Masterclass Webcast

    The Conference Masterclass is an optional one-day, classroom/workshop-style program presented by selected subject matter experts. The emphasis is on an active-learning environment featuring small, high-quality peer group interaction where in-depth Socratic debate and active discussion is encouraged (indeed, expected!).

    18-10-11 | More
  14. Research Review: Allocations to EM equities

    We asked the fund research houses - should all portfolios be ‘overweight’ to emerging market equities? If so, overweight to what?

    Compiled by PortfolioConstruction Forum | 13-10-11 | More
  15. Emerging market sovereign debt as part of an asset allocation

    This white paper contends that investment in emerging market sovereign debt continues to look attractive and investors should carefully consider adding emerging market sovereign bonds to their asset allocations and revisit the proportional weighting of the asset class as it continues to mature...

    Dr Michael Hasenstab, Franklin Templeton | 28-09-11 | More
  16. Research Review: Top 5 quant analytics

    We asked the fund houses: What are the top 5 quant analytics practitioners should always consider and why?

    Compiled by PortfolioConstruction Forum | 18-08-11 | More
  17. Time to reduce commodity exposures

    There are three key reasons why it is prudent to reduce commodities allocations and redistribute some of that allocation into equities - and in particular, western equities...

    Chris Watling | 01-08-11 | More
  18. Research Review: The big challenges facing research houses

    We asked: What, in your firm's view, is one of the big challenges facing the Australian funds research industry at present?

    Compiled by PortfolioConstruction Forum | 21-07-11 | More
  19. The outlook for fixed income markets

    A concise update on the challenges for global fixed income markets over the next six months, including the US and European debt situation, and rising inflation in emerging markets...

    Dr Michael Hasenstab, Franklin Templeton | 15-07-11 | More
  20. Forecasting residential property returns

    Australian residential property does not behave like other investment classes. Why? And what does that mean for forecasting returns?

    Tim Farrelly | 23-06-11 | 2 comments | More
  21. Research Review: Identifying key risks

    We asked the research houses: What are the key risks your firm assesses when rating funds / products / capabilities - and why?

    Compiled by PortfolioConstruction Forum | 23-06-11 | More
  22. Academy Winter Seminar 2011

    The Academy Winter Seminar 2011 debates the following three topics in a Socratic learning environment: How to build a framework for assessment of niche exposures in a portfolio; How to incorporate value strategies in equity portfolios; and, How to analyse investment scenarios and their implications for portfolios...

    30-05-11 | More
  23. Investment Symposium 2011

    Post 1 July, New Zealand's financial advisers will be held to far greater account for the portfolios they build for clients - and this comes at a time when global investment markets are more volatile than at any other time in the past 20 years, and likely to remain so for years. Investment Symposium 2011 will help you better understand the pillars for building better quality investor portfolios...

    26-05-11 | More
  24. Towards an understanding of risk

    How should we think about risk in portfolios? I put that question to a cross-section of prominent advisers, authors and academics. Their answers encompassed diverse opinions and underscored how crucial that question is to the investment process...

    Robert Huebscher, Advisor Perspectives | 20-05-11 | 1 comment | More
  25. Research Review: Examining the alternatives

    We asked the research houses: What asset classes / product types does your firm include under the 'alternatives' label? Why? How many strategies/funds do you rate in each?

    Compiled by PortfolioConstruction Forum | 15-04-11 | More
  26. Is this a traditional recovery?

    Is this the time to be buying or selling international equities?

    Tim Farrelly | 14-04-11 | More
  27. Is China a bubble? Part 2 - Housing

    Fueling fears of a China bubble is the rapid rise in prices of its residential property market in many of its key cities. Structurally, however, while residential house prices may be vulnerable near term, over the long term, the uptrend would appear to be underpinned...

    Chris Watling | 14-04-11 | More
  28. Academy Autumn Seminar 2011

    The Academy Autumn Seminar 2011 will debate the following three topics in a Socratic learning environment: How to judge whether a manager will or has added value; Is investing post-retirement different?; and, How to spot global trends and draw investment inferences from them...

    04-04-11 | More
  29. Is China a bubble?

    The question of whether China is a bubble is critical for strategic asset allocation, for the outlook for emerging markets, for the future strength of global economic growth, and in determining how much longer the commodity super cycle is likely to continue...

    Chris Watling | 23-03-11 | More
  30. 2011 Markets Summit - Resources Kit - Key Takeouts

    The final session of the Markets Summit 2011 saw our specialists return to stage for a vigorous debate about the prospects for their competing asset classes, and the implications for constructing portfolios, before Inquisitor Tim Farrelly summed up the day's key takeouts...

    10-03-11 | 2 comments | More
  31. 2011 Markets Summit - Resources Kit

    Concern about investment bubbles is at unprecedented levels. Markets Summit 2011 helped delegates decide what is and what is not, a bubble - and what that means for constructing investor portfolios...

    10-03-11 | More
  32. Research Review: Ratings models

    We asked the research houses: Of the 15,000 managed funds on offer in the Australian market, how do you determine which ones you will rate?

    10-03-11 | More
  33. All eyes on the King Fahd causeway

    As suggested in the last Pain Report, it looks like The House of Saud is prepared to stand and fight with Bahrain's House of Al-Khalifa. We are rapidly approaching a critical decision point - will they or won't they? My view, very regrettably, is that the Saudis will intervene in Bahrain...

    Jonathan Pain | 02-03-11 | More
  34. Australia's banking system at risk

    This one has been around for a while now. We have seen how the sub-prime lending crisis brought the US and European banking systems to their knees. The story goes that the Australian banking system is also a time bomb waiting to happen...

    Tim Farrelly | 01-03-11 | More
  35. The resources boom

    The rise in prices for natural resources and the associated planned increase in Australian-based capacity to supply key commodities is one of the largest economic events in our history. I will structure my remarks around four questions: What do we know from previous booms? What do we know about this one? What don't we know? How should we respond?

    Glenn Stevens | 23-02-11 | More
  36. An axis of turmOIL

    The tectonic plates of the Arab world have ruptured and the geopolitical fault lines that have shaped and defined the region for sixty years have shifted inexorably. What does that mean for investing?

    Jonathan Pain | 23-02-11 | 1 comment | More
  37. The investment implications of the crisis in Egypt

    What are the broader perspectives on the implications of the Egyptian crisis for markets and investors?

    Joseph Tanious | 07-02-11 | More
  38. A butterfly flaps its small and democratic wings in Tunisia

    Inspired by the overthrow of the Tunisian president, demonstrations began in Egypt on 25 January and the rest, as they say, is history. Before we attempt to predict what the consequences will indeed be, let us first understand what we are actually seeing and why...

    Jonathan Pain | 01-02-11 | More
  39. The next MPT

    While the original Markowitz formulations might not be perfect, the problems in client portfolios during the last market meltdown can be traced to naive inputs...

    Bob Veres, Inside Information | 01-02-11 | More
  40. Crockpot: Deflation must be avoided at all costs!

    It's with considerable trepidation that I take on the world's central bankers who are protecting the world against the evils of deflation...

    Tim Farrelly | 18-01-11 | More