Prolonged exposure to high volatility causes investors to subsequently underestimate volatility (and vice versa), leading to predictability in stock returns - and the ability to construct a trading strategy that exploits the effect.

The purpose of this policy is to outline Portfolio Construction Forum’s approach to handling negative feedback and complaints from Members.

What's new with our live and on-demand continuing education, accreditation and certification programs.

Simply put, the effort to fight inflation could easily crash the economy, the markets, or both. The historical evidence shows that a soft landing is highly improbable. A recession in the next two years is likely.

The Pinnacle Summit Series "Alternatives - the key to new world portfolios" 2022 (May/Jun 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.

The Hyperion "Pricing Power Macro Short-Termism" Webinar 2022 (24 May 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.

The Evergreen "Asset Allocation Committee Meeting May 2022" (19 May 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.

Established in 2007, Portfolio Construction Forum Research Symposium explores contemporary investment research issues relevant to Practitioners who design, build and/or manage multi-asset, multi-manager portfolios. Presented in June and November each year, the program features academics from leading university business schools, independent consultants, and portfolio construction practitioners.

The Ruffer "The other side of the mountain" Webinar 2022 (17 May 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.

What's new with our live and on-demand continuing education, accreditation and certification programs.

As of 6 May, the bond market expected US consumer price inflation to average 2.5% between five and 10 years from now. So why does Kenneth Rogoff of Harvard University argue "things are way out of control"?

The Evergreen "How Responsible Investment will drive practice value" Webinar (11 May 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.

Hindsight can be a valuable source of learning. However, hindsight is undermined by a range of factors and hindsight bias clouds judgments in all areas of life - including investing.

What's new with our live and on-demand continuing education, accreditation and certification programs.

The Lonsec Symposium 2022 (05 May 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.

For many decades, the default investment portfolio was a 60/40 split – this was seen as the ideal blend of growth and defensive investments for most investors most of the time. Will it continue to deliver in a high inflation, high interest rate environment?

The Firetrail "Recovery, reflation, and rotation" Briefing 2022 (May 2022) has been assessed and accredited by Portfolio Construction Forum for Continuing Education (CE/CPD) hours. Delegates must confirm their attendance in order to receive CE/CPD accreditation.