Investors should treat foreign currency as an asset class in its own right, considering both short- and long-term currency risks, as well as where the best return opportunities lie.

Olivia Engel | 0.50 CE

A large number of small, high conviction positions will lead to better outcomes for portfolios compared to a small number of large, high conviction positions.

Olivia Engel | 0.25 CE

Tracking error constraints on active management focus on short-term outcomes and don’t align with most investor goals, which are longer term. So how else can portfolios be designed?

Olivia Engel | 0.50 CE

Tracking error constraints on active management focus on short-term outcomes and don't align with most investor goals, which are longer term. A low tracking error portfolio can often lead to an unfavourable outcome for end investors.

Olivia Engel

Gold stocks have become a great addition to portfolios - based on expected returns as well as their strong diversification benefits given a beta of almost nothing.

Olivia Engel

Like 2014 and 2015, Australian resources stocks in 2016 may look cheap but it is not an attractive trade. More reliable returns will be delivered by high quality companies well beyond the familiar territory of the 20 Leaders.

Olivia Engel | 0.50 CE

The top six stocks in the ASX 300 represent 45% of market cap and 50% of market risk. A 4% TE constrained manager must hold 15%-20% in these six stocks even if they do not like them.

Olivia Engel

Six stocks make up just under half of the Australian equity market. This research paper examines the impact of this on investors' returns, and whether it is responsible investing.

Olivia Engel