Practice Growth
Portfolio construction frameworks for Australian financial advisers, covering model portfolios, IPS design, and managed accounts.
Why we should pay less attention to benchmarks, and more to value creation
The benchmarks that are supposed to measure performance and create alignment with end investors are working against asset managers, and the industry must find...
Investment paradigm shifts as portfolio positioning overtakes performance
With markets at all-time highs and term deposits paying 5 per cent, the focus needs to shift away from relative returns and back towards positioning for...
Portfolio drift remains a clear and present danger for client portfolios
The traditional method of protecting client portfolios from drift remains entirely valid. It's ostensibly cheaper to run portfolios without managed accounts,...
'Process over prediction': What high-conviction teams have over their speculative peers
By avoiding market forecasts and not making prognostications based on macroeconomic conditions or political changes, the Claremont team is able to focus on...
Portfolios are (still) missing real diversification and downside protection
The private markets have surged in popularity as investors hunt for a potent combination of yield and downside protection. But in a big selloff, the strategy...
What makes an ideal entry point for a high-conviction investment team?
Meeting the myriad metrics for investment set down by Claremont Global is just the start of a selection process that sees no more than 15 companies held at any...
How to select a fund manager
While much ado is made of the science that goes into fund manager research, real assessment puts comparable weight on the art as well according to investment...
What to do about the ‘concentration conundrum’: Pzena
Owning the largest stocks has historically been a recipe for underperformance over every period, according to value house Pzena, but the madness of benchmark...
Have we reached peak model portfolio?
There is an incredible rush to bring model portfolio offerings to market from every corner of the advice ecosystem. From platform providers to licensees and...
'Open-mindedness' key in the era of correlated bonds and equities
The prevailing market dynamic has changed, with inflation fanning volatility and bonds no longer providing diversification ballast against equities. Active...
Investment to Paris-aligned benchmark challenging, but achievable
Meeting the Paris-aligned guidelines can be problematic for Australia's big investors, but it's possible to deliver compliant investment strategies with modest...