|
G'day
Fodder kicks off this week,
with Dr Pippa Malmgren's very highly rated keynote from last week's
Markets Summit program in which she explained
how to pick out key economic signals from the info overload we all
suffer.
Angela reviews
Ibbotson's classic paper on the importance of asset allocation vs
manager selection. It should be required pre-reading before anyone
is allowed to build portfolios. Read the paper and sit the online CPD
Quiz to earn CPD points.
Next up is regular Faculty
member,
Dr Horace "Woody" Brock, on the future prospects for oil prices -
and why we shouldn't have been shocked at the collapse in the first
place. You can watch his lecture and/or read his paper.
Also on markets, regular
Faculty member,
Chris Watling, makes a US recession risk call. It might seem
improbable - but he has a habit of being right on big macro calls.
Lastly, back on asset
allocation and investing,
GMO explains why they're opting out of the good (the US) and buying the
"bad and ugly" (Europe and Emerging Markets).
|
|
 |
All the best for some great
weekend learning! - Graham
P.S.
The Markets Summit 2015 Resources Kit is now live, so you can
"attend" all of the 20-minute presentations. I guarantee you'll take
away a bunch of high conviction ideas to apply to portfolios. |
|
LATEST... |
|
 |
Signals
Economic signals are everywhere. By being alert, anyone can start to
navigate through the turbulence of the world economy instead of being
surprised by it.
Hon. Dr Pippa Malmgren, DRPM Group
| Resources
|
|
 |
Just how important is asset allocation?
In this seminal paper, Ibbotson confirms that after the decision to
actually invest is made, asset allocation and manager selection are
equally important.
Angela Ashton, PortfolioConstruction Forum
| 0.50 CE | Research
|
|
 |
4 reasons for collapsing oil prices (& future prospects)
Trader Anuraag
Shah, who made a fortune betting on a declining oil price, summarised
global astonishment at the collapse in oil prices - "It's bloody nuts!". Actually, no it
isn't.
Dr Woody Brock, SED
| White
Paper
|
|
 |
The risk of a US recession in 2016
The risk of a US recession in
2016 is the most important issue for investors. There are cyclical,
structural and secular forces at work in this recession risk call.
Chris Watling, Longview Economics
| Opinion
|
|
 |
Ditch the good, buy the bad and the ugly
Despite forecasters projecting superior US economic growth to continue,
we're selling our beloved US quality stocks in favor of the
problem children of the investing world.
Ben Inker, GMO
| Opinion
|
|
 |
Member
comments
Academy Summer Seminar - Key takeout
Lower oil prices
seem to be with us for some time, unless the instability in the Middle
East widens. The Saudis seem to be intent on adding supply to slow the
progress of the US energy industry. We have started to see the effect
with some companies now stalling. Lower oil prices are a positive for
economic growth and company earnings. They also further cement the lack
of inflation across the globe, allowing monetary policy to remain
loose - positive for equities.
Paul Hocking, Hillross Financial Services
| More
about Academy
|
|
RECENTLY... |
|
 |
Markets Summit 2015 Great Debate - Intl vs Au equities
In this not-to-be-missed session of a not-to-be-missed program few
prisoners were taken in debating the moot "overweight int'l equities,
underweight Au equities".
Angela Ashton, PortfolioConstruction Forum
| 2
comments
| Opinion
|
|
 |
Currency tailwind losing force?
Investing globally is increasingly popular, with the expectation of a
continued weak AUD being a big driver. But easy currency gains may have
already been had.
Dominic McCormick, Select Asset Management
| Opinion
|
|
 |
The science of spending (money can sometimes buy happiness)
New research suggests that sometimes, the best things we can do to
improve our happiness may lie in NOT trying to maximise our wealth.
Michael Kitces, Pinnacle Advisory Group
| Research
|
|
 |
All things considered - outlook for 2015
2015 has got off to an eventful start - we've seen dramatic changes only
five weeks into the year. Here's where I see markets going in 2015. A
couple of things really stand out.
Jonathan Pain, The Pain Report
| Opinion
|
|
|
Backgrounder: Cyclical? Structural? Secular?
This Backgrounder defines the terms "cyclical", "structural" and
"secular" and provides examples, in order to increase the clarity of
debate about what's really driving markets.
PortfolioConstruction Forum | White
Paper
|
|
|
Member
comments
Academy Summer Seminar - Key takeout
The Greeks probably feel like they are talking to the German coast guard
at the moment... "Allo, Allo, vot are you zinking!!" Communication is so important - always be looking to getter a deeper
understanding of our clients needs and concerns.
Pascal Julliard, Julliard Financial Services
| More
about Academy
As always, my over-riding philosophy remains "Buy in Gloom, Sell in
Boom"
Whilst it is academically interesting to discuss the relative merits of
alternative approaches to investing in Chinese equities, the reality is
that at circa 3400, the Shanghai index is up almost 70% on where it
stood at the start of FY15...
Comment
|
|
PLUS...
|
|
 |
Keep up to
date - follow us @PortfolioForum
There's no need to wait until
our weekly Forum Fodder email to know what's new with PortfolioConstruction Forum.
Just follow us on Twitter to hear as soon
as we release new articles on
PortfolioConstruction.com.au and
registration opens for our live programs.
|
