In this episode, Alex Proimos, head of domestic content, Conexus Financial, chats with Veronica Klaus, general manager – investment consulting at Lonsec, about a range of topics including the advice gap, allocations for retirement, liquidity in private assets and income strategies for retirees.
NZ Super cuts benchmark return expectation on US valuation concerns
A view that the US stock market is overvalued and equity risk premia will be lower over the long term has driven New Zealand Super to lower the return expectations for its reference portfolio following its recent five-yearly review of the benchmark. Co-chief investment officer Brad Dunstan also flags underweight commodity exposure as an area to address and explains why the fund remains sceptical of illiquidity premia despite seeing a growing case for private markets.
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Real credit the only opportunity in the new regime: Watson Wyatt
Investors must recognise that the economic world has changed and not expect normal asset price reversion in the future, says Carl Hess, Watson Wyatt’s global head of investment consulting. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Swedish AP funds exclude 10 companies due to ethical breaches
Sweden’s first four buffer funds, with combined assets of SEK 690.6 billion (US$83 billion) have demonstrated a lack of tolerance for companies that continue to breach ethical guidelines despite the funds’ governance efforts to bring about change, excluding 10 companies from their investment universe. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
…while ICGN urges IASC to prioritise investors’ views in accounting
The International Corporate Governance Network (ICGN), with members from 47 countries responsible for global assets of US$15 trillion, has urged the International Accounting Standards Committee (IASC) to prioritise investors, not auditors, as the key stakeholders in the setting of global financial reporting standards. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Modern Portfolio Theory still holds up Harry Markowitz says so.
In an exclusive interview, Amanda White, editor of top1000funds.com, talks to the modern portfolio theorist about markets, portfolio rebalancing, Madoff and more. mrec4inarticleinline Sponsored Content scnative1 scnative2 scnative3
Economic recovery will bring inflation back from the dead: Partners Group
Government efforts to defend economies from the global downturn – primarily official interest rate cuts and spending packages – could make inflation a significant threat to investors’ portfolios once the crisis has run its course, according to Urs Wietlisbach, executive vice chairman of Partners Group, a CHF24 billion (US$21 billion) alternatives manager. mrec4inarticleinline Sponsored Content
Structured products: risk sharing or risk shifting?
In a research paper entitled “Tumbling Tower of Babel: Subprime Securitization and the Credit Crisis” in the latest Financial Analysts Journal, Bruce Jacobs argues that highly complex financial instruments, were devised to shift risk from one part of the financial system to another, but the underlying systematic risk remained. And when magnified by huge amounts
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