perspectives

Gold may regain its shine

While it has offered a very bumpy and challenging ride in recent years, I suspect those prepared to buy and hold some gold exposure today will be well rewarded.

Dominic McCormick, Select Asset Management Opinion

perspectives

Why Germany should exit the eurozone

A German exit from the eurozone would give Germany the currency it deserves and leave the rest of the eurozone with the carcass of a currency well suited for its needs.

Oliver Hartwich, The New Zealand Initiative Opinion

perspectives

How indexation killed growth

Indexing, as I have written before, is a form of socialism, since capital is allocated not as it should be. It is hard to think of a more stupid way to allocate this scarce resource.

Charles Gave, GaveKal Opinion

perspectives

The case for active investment mgmt

Even the most skillful active managers will sometimes underperform. And, in some market environments, most active managers can be expected to underperform.

Bill Priest, Epoch Investment Partners1.00 CPD White Paper

perspectives

Assessing manager risk and perf

Fund research is something of a dark art - there is little quality information available on how to go about it. But here are two great papers covering qual and quant analysis of funds and managers.

Angela Ashton, PortfolioConstruction Forum0.75 CPD Research

markets summit

India's transformation: a compelling fixed income opportunity

As its capital markets develop, the macro picture improves, inflation comes under control, and the economy grows, India's credit and rates markets present a compelling opportunity.

Neeraj Seth, BlackRock0.50 CPD Resources

perspectives

Greece's madmen at work

Hardly a day passes that a Greek government official does not add a needless provocation to the bailout debate. Is this just madness? Or is there method in it?

Oliver Hartwich, The New Zealand Initiative 1 commentOpinion

markets summit

Greece - a case study for Eurozone strain

2015 will be a year of huge uncertainty about the future of the Euro. These uncertainties are likely to pose a fundamental challenge to investing in the Eurozone.

Charles Dallara, Partners Group Resources

perspectives

Three regions, three strategies

Fundamentally, there are three ways to make money in financial markets. A well structured, well-diversified portfolio should encompass all three, across all geographies.

Louis-Vincent Gave, GaveKal Opinion

perspectives

Financial ratio analysis

Even if it's not your intention to recommend stocks, understanding financial analysis in general and ratios in particular, can enhance your ability to analyse equity funds.

Angela Ashton, PortfolioConstruction Forum1.25 CPD Research

perspectives

The end of an era

Now the Fed has opened the door to normalising interest, what constitutes "normal"? Take care in stretching for yield now the Fed is no longer making promises.

Dr Robert Gay, Fenwick Advisers Opinion

perspectives

The investment implications of Fed tightening

After more than six years of near zero interest rates, the Fed seems set upon the long journey back to more normal monetary policy. What are the investment implications?

Dr David Kelly, JP Morgan Asset Management1.25 CPD White Paper

perspectives

How should retirees manage risk?

This paper offers a surprising amount of info and interesting ways of framing investment issues in retirement, and some good analysis of longevity risk.

Angela Ashton, PortfolioConstruction Forum0.75 CPD 2 commentsResearch

perspectives

9 out of 10 times the consensus will be wrong?

When faced with a huge majority of experts expecting international equities to outperform Australian equities, I blurted this out. I was wrong, and on a few counts.

Tim Farrelly, farrelly's 3 commentsOpinion

perspectives

Demographic changes, financial markets, and the economy

This paper by Rob Arnott and Denis Chaves looks the effects of different age cohorts on GDP and asset class returns.

Vimal Gor, BT Investment Management1.75 CPD Research

markets summit

Bond markets lock up and lock out returns

Bond markets were once the world's most liquid. Today, trading even $5 million in bonds can be difficult. Managed fund holders must recognize that funds may limit withdrawals and hold larger cash balances.

Scott Weiner, Payden & Rygel 1 commentResources

markets summit

The US stands out in a low growth world

De-leveraging, widening inequality and structural reforms limit growth in developed markets. The US is the most advanced in addressing these challenges.

Ronald Temple, Lazard Asset Management Resources