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 Opinion

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 and well-diversified portfolio should encompass all three strategies, across all geographies.

Louis-Vincent Gave, GaveKal Opinion

perspectives

Financial ratio analysis

Even if it is never your intention to recommend individual stocks, understanding financial analysis in general - and ratios in particular, can enhance your ability to analyse equity funds.

Angela Ashton, PortfolioConstruction Forum 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 Management White Paper

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

The messy politics of economic divergence

The world is increasingly characterised by divergence - in economic performance, monetary policy, and thus, in financial markets.

Mohamed El-Erian, Allianz Opinion

perspectives

Beware the euro consensus

The US dollar is hitting new 12-year highs almost daily and the euro seems to be plunging to below parity. But there are at least four factors pressuring it the other way.

Anatole Kaletsky, GaveKal Opinion

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 Management 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

perspectives

ASX fund choices

The recent listing of the Magellan Global Fund has essentially introduced a new structure into the ASX-listed and quoted fund universe. With more choice comes more complexity.

Dominic McCormick, Select Asset Management 3 commentsOpinion

perspectives

Why the stock-bond disconnect?

How should one understand the disconnect between new highs reached by global equity indices and new depths plumbed by real interest rates worldwide?

Kenneth Rogoff, Harvard University 3 commentsOpinion

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 Forum 2 commentsResearch

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

perspectives

The oil bubble implosion

Since the 1980s, oil prices have fallen 50% or more over six months just twice - including last year. Was oil a bubble which has now imploded? Or is oil set to bounce back?

Louis-Vincent Gave, GaveKal Opinion

perspectives

Currency - to hedge or not?

Currency risk is a significant issue for Australian investors. This paper summarises the research on optimal hedge ratios for international equities exposures.

Angela Ashton, PortfolioConstruction Forum Research