These tutorials relate to the IMAC 2024 lectures and are available to CIMA candidates enrolled in the CIMA Certification Asia Pacific Program 2024.

Multi-asset, multi-manager investment portfolios can be viewed as complex machines that, if properly assembled and managed, provide benefits far outweighing those of their individual components. The whole is definitely greater than the sum of its parts! Strategies Summit 2024 (Wed-Thu 21-22 Aug) challenges and refreshes your portfolio construction thinking by debating contemporary and emerging portfolio construction strategies to help you build better quality portfolios.

The things that make people, people, are also the things that bind our portfolio construction methods together. Investment philosophies, beliefs and biases impact how we implement our technical skills by adjusting not only the angle of our enquiries but also how we interpret our results. As highly trained investment managers and advisers, we are impacted not only by our biases in behaviour, but also by the biases we hold that we’re not even aware we hold.

We humans by nature deal with much of our lives and memories in stories and story-like forms, to be dipped into for comfort and provide explanations. To excel academically and professionally, we need to think taxonomically, organising information in a structured hierarchy. But while these taxonomic processes help us early in our careers, they can also limit our perspective, making our thinking predictable and replicable by AI. To gain deeper insights, critical to long-term investing, we must adapt by integrating finance with other disciplines such as economics, accounting, finance, sociology, anthropology, psychology, sustainability, political science and philosophy. Adopting a holistic perspective can greatly improve problem-solving, bringing valuable benefits to our clients’ portfolios.

This is part 2 of the Hypothetical. This diverse panel of asset class experts discusses and clarifies the implications of the four scenarios for the medium-term (three-year) outlook for key asset classes, and then the Investment Committee (Summit delegates) votes to determine probabilities for each of the scenarios. The probabilities are an input into the Asset Allocation Roundtable (next session).

The inputs from the Asset Class Outlook Roundtable determine a headline Dynamic Asset Allocation (DAA) Growth/Defensive split for the coming 12 months, based on the 60/40 Neutral Asset Allocation (NAA). diverse panel of asset allocation experts discusses and debates key asset allocation and implementation decisions with reference to the NAA and within the context of the headline DAA Growth/Defensive split. The Investment Committee (Summit delegates) votes as the asset class decisions are being debated. Once finalised, the Investment Committee’s views (as expressed by the voting) then determine the DAA for the hypothetical portfolio for the coming 12 months.

Our diverse panel of experts debate which of the high conviction propositions they heard during Strategies Summit 2024 they most strongly agreed with and why, and which they disagreed with most and why – and the portfolio construction implications of both.

Wetware-powered AI is changing the way we manage risk and uncertainty, including in financial markets. Its rise will also profoundly change how humans think about the nature of reality — in finance and more generally.

This lecture instructs IMAC candidates on the fundamentals of client discovery and formulating an Investment Policy Statement in the investment consulting context.

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

Economists are struggling to reconcile their upbeat views on the US economy with the angst of average Americans. The key measures of economic performance are almost perfect. But voters continue to cite the economy as a top issue.

Highlight our upcoming live CE programs, and all of the complimentary on-demand CE-accredited resources published over recent months.

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

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

If governments are to be held responsible for investment and unemployment, they must control monetary policy. And, while central banks strive to maintain the appearance of independence, they often do what governments want.

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

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

Jonathan Pain, Author and Publisher of The Pain Report, is a regular key note presenter at Portfolio Construction Forum's continuing education programs. Over the years, he has debuted new investment theses and challenged delegates about how to build better quality investor portfolios...

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

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