Practice Growth
Portfolio construction frameworks for Australian financial advisers, covering model portfolios, IPS design, and managed accounts.
Advisers have become 'overly reliant' on capital growth to drive returns
“It’s not about forecasting if it is going to rain, one should always carry an umbrella” explained Hugh Selby-Smith when discussing the...
The most important measure of manager performance
The proliferation of data and information has done little to improve the outcomes of self-directed investors. With information on almost any issue and a social...
How will the Federal Budget affect your client's portfolio?
The Federal Budget unveiled this week was clearly intended to be an election-winning budget prepared to win over the public with many of its generous promises....
The perils of yesterday's logic
Reimagining portfolios for tomorrow’s reality Increasing inflation volatility represents the greatest challenge to investors for a generation. A new...
Slicing and dicing the stock market for risk - and reward
All-weather investing has a simple aim – consistent positive returns, regardless of how the financial markets perform. It follows that all-weather...
Why we don't build our portfolio on macro forecasts
To many people, a portfolio manager who says he doesn’t care about what happens to inflation, Sino-US relations or even the world economy may seem...
Factors come to the fore amid volatility
The COVID-19 pandemic and associated market sell-off became an unexpected testing ground for many of the more recent advancements in financial markets and...
Following the smart money to guide portfolios
“Follow the money” is among the most popular sayings in markets, with the regular Bank of America Fund Manager Survey one of the few insights...
Factor investing 'more science than art'
Is it the chicken, or is it the egg? Does a certain kind of personality gravitate to becoming a “quant” manager, or do quant managers end up...
Invesco Inclusive: Fear Factor
Despite being quite simple in its definition, inconsistent reporting, differing approaches and the dominance of market-cap-weighted funds has meant that factor...
The Five Principles of Australian Factor Investing: Invesco
Factor investing is a widely adopted discipline, complementing the role of traditional investment managers. This paper explores the five principles of factor...