Practice Growth
Portfolio construction frameworks for Australian financial advisers, covering model portfolios, IPS design, and managed accounts.
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...
Are we still building portfolios for a zero-rate environment?
Interest rates were never meant to be so low for so long. Wattle Partners principal Drew Meredith ponders whether the hangover has some investors lagging; are...
Opportunities abound, but don't let recency bias have the last laugh
Investors and advisers have a tendency to extrapolate recent events into the future, and the last six months have shown how dangerous this can be. For those...
All taste, no calories; For some advisers, SMAs have a clear edge over MDAs
SMAs provide most of the benefits of managed accounts, without the costs and additional investment in asset consultants, 3rd party MDA licensee arrangements,...
Portfolio protection paramount as earnings shock looms: Ruffer
"Gradually, and then suddenly", the old Hemingway quote goes. The same could be said for corporate earnings, which Ruffer's Jasmine Yeo believes are in danger...
Getting a clear view of the gap between stock picking and proactive management
Proactive management and stock picking are, in some ways, two sides of the same coin. But advisers and investors should be aware of their fundamental...
Market neutral is for all seasons, not just volatile periods: Yarra
Market neutral strategies should not only used as lever for investors that want an on-call safety valve for volatility, but retained as a strategic holding to...
The most common illiquidity, risk and volatility fallacies investors face
Lending specialist Daniel Zwirn spoke candidly about investor "credit myths", and the misunderstandings that hold people back in the selection and movement of...