Practice Growth
Portfolio construction frameworks for Australian financial advisers, covering model portfolios, IPS design, and managed accounts.
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...
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...