Forum Fodder | Friday 20 December 2019
It is, in fact, a part of the function of education to help us escape, not from our own time - for we are bound by that - but from the intellectual and emotional limitations of our time - T.S. Eliot (1888-1965)
All the best for a safe and happy holiday season! - Graham

LATEST ONLINE CE...

Markets
The global economy's luck may run out
Calendar 2019 is ending on a relatively positive note, especially compared to the same time in 2018. Policymakers have a chance to "fix the roof while the sun is shining".
Mohamed El-Erian, Allianz | More

Philosophy | Markets | As seen at Portfolio Construction Forum Strategies Conference 2019
Capitalism is about more than making money
If we want a vibrant capitalist future in the 21st century, we need to support ethical legal frameworks for capitalism and practice Conscious Capitalism.
Magatte Wade, Skin is Skin | 0.50 CE | More

Strategies | Finology | As seen at Portfolio Construction Forum Strategies Conference 2019
Retirement planning must be active to get past the 2020s
Alpha still matters and an active approach can enhance portfolio returns, creating extra saving to be spent in retirement.
Thomas Poullaouec, T. Rowe Price | 0.50 CE | More

Markets | Strategies |As seen at Portfolio Construction Forum Strategies Conference 2019
Value investing will triumph over growth in the 2020s
The decade since the GFC has been a challenging period for value style equity investing. Not surprisingly, investors are questioning the value of value investing.
Expert Panel | 1.00 CE | More

Markets | Strategies | As seen at Portfolio Construction Forum Strategies Conference 2019
There is a bullish case for the Australian economy for 2020
Many investors are reconsidering a strong traditional overweight exposure to Australian equities. But structural forces driving domestic growth continue to support an overweight allocation to Australian equities into the 2020s.
Tim Carleton, Auscap Asset Management | 0.25 CE | More

UPCOMING FACE-TO-FACE CE...

Markets
Markets Summit 2020 - Be alert! High VUCA ahead!
Tue 18 Feb 2020 | 7.5 to 11.5 CE hrs
The current high VUCA - volatility, uncertainty, complexity and ambiguity - market environment carries many risks, of course. But with those risks come opportunities, too.
Markets Summit is THE investment markets scene setter of the year. Featuring a Faculty of 20+ leading investment thinkers from around the world, it facilitates debate on the key drivers of and outlook for the markets (on a three- to five-year view) – with particular emphasis on being alert to high VUCA risks and opportunities ahead - to aid your search for return, and to help you build better quality investor portfolios.
Book your diary! Tue 18 Feb 2020 - registration opens next week

Finology
Finology Summit 2020 - Investing beliefs, biases & behaviours
Wed-Thu 19-20 February 2020, Sydney | 11.5 to 23 CE hrs
Finology Summit is THE behavioural finance ("fin") and investment psychology ("ology") program of the year.
Featuring an exceptional Faculty, it will help you better identify and understand how our own and other people's different investment biases, beliefs and behaviours around investing, impact on investment markets – and influence portfolio construction philosophy and practices – to help you build better quality investor portfolios.
Book your diary! Wed-Thu 19-20 Feb 2020 - registration opens next week

Certified Investment Management Analyst^® (CIMA^®)
Are you involved in any aspect of constructing multi-manager portfolios?
CIMA certification is the peak, international technical portfolio construction certification program designed for investment management analysts – that is, those involved in any aspect of constructing multi-manager portfolios, whether practitioner or advocate. Stand for more - more knowledge, skill and expertise - with CIMA certification.
Find out more and enrol now!

RECENT ONLINE CE...

Markets
Government debt is not a free lunch
With interest rates on government debt at multi-decade lows, a number of leading economists have argued that almost every advanced economy can allow debt to drift up toward Japanese levels. This ignores what can go wrong.
Kenneth Rogoff, Harvard University| More

Philosophy | Strategies | As seen at Portfolio Construction Forum Strategies Conference 2019
Values need to move from peripheral vision to the focal point
Portfolio managers and investment advisers still too often follow their own values, rather than their clients’, when making investment decisions. In the 2020s, values will move from the periphery to the focal point for successful investments.
Tassos Stassopoulos, Trinetra Investment Management | 0.50 CE | More

Markets | Strategies |As seen at Portfolio Construction Forum Strategies Conference 2019
You are a factor investor
Whether they realise it or not, investors use factors every time they make an asset allocation decision. Combining multiple factors can help investors increase the chances for investment success.
Antonio Picca, Vanguard | 0.50 CE | More

Strategies | Finology | As seen at Portfolio Construction Forum Strategies Conference 2019
Australian retirees deserve better portfolios
The conversation with retirees needs to move away from projections based on averages and volatility risk measures, towards a probability-based assessment of running out of money.
Jacqui Lennon, Allianz Retire+ | 0.50 CE | More

Markets | Strategies| As seen at Portfolio Construction Forum Strategies Conference 2019
A great business is an intangible business
The rise of intangible assets has created a new level of economic potential for successful businesses. For both growth and value investors, the nature of fundamental analysis must evolve to match an intangible world.
James Kim, Intermede Investment Partners | 0.50 CE | More

Markets
Why financial markets' new exuberance is irrational
The disconnect between financial markets and the real economy is becoming more pronounced, as investors focus on the attenuation of some short-term tail risks, and on central banks' return to monetary-policy easing.
Nouriel Roubini, Roubini Macro Associates | More

Philosophy | Strategies | As seen at Portfolio Construction Forum Strategies Conference 2019
Systematic ESG integration is simply smart investing
Focusing on financially material ESG data and systematically including them into investment analysis facilitates 20/20 vision of a company’s risk-return profile..
Masja Zandbergen, Robeco | 0.50 CE | More

Markets | Strategies | As seen at Portfolio Construction Forum Strategies Conference 2019
Designing portfolios for scenarios is critical for 20/20 portfolios
This hypothetical Investment Committee considers three relevant, forward-looking economic and market scenarios which have a reasonable probability of occurring during the next two to three years.
Expert Panel | 1.00 CE | More

Markets | Strategies| As seen at Portfolio Construction Forum Strategies Conference 2019
Equity markets' rosy forecasts have left benchmarks broken
To achieve a satisfactory return from equities, you must identify high quality forecastable businesses, apply a strict valuation discipline and have the conviction to be different from the herd.
Warryn Robertson, Lazard Asset Management | 0.25 CE | More

Markets | Investing | As seen at Portfolio Construction Forum Strategies Conference 2019
Pro-active investors can manage infrastructure disruption
Future returns from infrastructure portfolios are less clear due to disruptive forces. Managing these risks requires an unrelenting focus on improving efficiency and customer service.
Peter Meany, First Sentier Investors| 0.50 CE | More

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