In this episode, Paul is joined by Chris Smith, Portfolio Manager at Intermede Investment Partners, to discuss some of the opportunities and challenges facing global equity markets. With markets being at all-time highs, Paul and Chris address rising inflation concerns, geopolitical risks, emerging markets, ESG, and the importance of finding companies with a demonstrated sustainable competitive advantage.
D'autres épisodes de "The Portfolio Construction Podcast"
EP 45: Global equities: Finding sustainable competitive advantages - Intermede
29:59In this episode, Paul is joined by Chris Smith, Portfolio Manager at Intermede Investment Partners, to discuss some of the opportunities and challenges facing global equity markets. With markets being at all-time highs, Paul and Chris address rising inflation concerns, geopolitical risks, emerging markets, ESG, and the importance of finding companies with a demonstrated sustainable competitive advantage.
EP 44: Income for life: Strategies for retirement - Martin Currie Investment Management
36:03Retirees have traditionally relied on fixed interest and cash allocations in their portfolios to provide sufficient income for life. But the yield or the income return from these defensive asset classes has fallen significantly over the last decade, creating a disconnect between our understanding of income and the traditional risk/return theory. The impact of COVID 19, the global economic slowdown and increased use of extraordinary monetary policies by central banks have further reduced returns from cash and fixed interest to the point where many cash rates and ten-year bond yields in developed countries now return a 0% or even a negative yield. These policies may have supported many weakened economies but have made it even more difficult for retirees drawing income streams to fund a large portion of their income needs by the yields on cash and fixed interest allocations. In this episode, we discuss some of current strategies for generating sufficient income for life with Reece Birtles, Chief Investment Officer, Martin Currie Investment Management, and we address some of the challenges facing inflation, longevity risk and income sequencing risk. More Information: Franklin Templeton and their specialist investment managers Martin Currie, Western Asset and Brandywine Global have a number of investments available through Super Accelerator Plus and Wealth Accelerator Plus. Super Accelerator Plus is a superannuation fund that provides access to a wide range of investments including several Franklin Templeton funds. See how you can purchase Franklin Templeton with your super here: http://ow.ly/BsB450HcKBk Wealth Accelerator Plus is an all-in-one portfolio management and administration service with an extensive range of investment options and tax management tools. Learn more here: http://ow.ly/iSUQ50HcKCm More information on Franklin Templeton's funds, including, commentary and performance, can be found here: http://ow.ly/KCiK50HbVo4
EP 43: The evolution of ESG investment strategies - Russell Investments
53:28Interest in Environmental, Social and Governance investment strategies has grown significantly over the last three year as more investors look for long-term sustainable growth that is align to their personal values. However, the management of ESG strategies varies significantly from active and passive strategies to negative and positive screens. In this episode, we break down the global trends in ESG with Tim Cook, Head of Client Strategy at Russell Investments, and look at how investors can better define and align their ESG integration and investment process.
EP 42: Growth and income opportunities with AREITs - CBRE Investment Management
35:15Australian Real Estate Investment Trusts (AREITs) have been one the biggest beneficiaries of the changing economy over the last 12 months. In this episode, we chat with Justin Pica, Regional Portfolio Manager at CBRE Investment Management, to discuss the future of the office sector, the advent of online shopping, the rise of inflation, and active management. We also explore upcoming challenges and opportunities in the sector and how investors can gain a potential source of income and growth from AREITs. UBS Disclaimer: This podcast is intended to provide general information only and has been prepared by UBS Asset Management (Australia) Ltd (ABN 31 003 146 290) (AFS Licence No. 222605) without taking into account any particular person’s objectives, financial situation or needs. Investors should before acting on the information provided in this presentation, consider the appropriateness of the information having regard to their personal objectives, financial situation or needs. Any opinions expressed in this material are those of UBS Asset Management (Australia) Ltd, a member of the Asset Management division of UBS Group AG, and are subject to change without notice. Although all information in this presentation and documents is obtained in good faith from sources believed to be reliable no representation of warranty, express or implied is made as to its accuracy or completeness. Neither UBS Group AG nor any of its affiliates, directors, employees or agents accepts any liability for any loss or damage arising out of the use of all or any part of this material. The information provided during this presentation must not be relied on to make an investment decision. It is not an offer or recommendation to acquire an interest in the UBS Managed Investment Funds (UBS Funds) or recommendation to purchase or sell any particular security. Offers of interests in the UBS Funds are contained in the relevant current Product Disclosure Statement (PDS). An investment in any of the UBS Funds does not represent deposits or other liabilities of UBS Group AG or any other member company of the UBS Group AG. Your investment is subject to investment risk, including possible delays in repayment and loss of income and capital invested. The repayment of capital or income is not guaranteed by any company in the UBS Group AG. Performance can be volatile and future returns can vary from past returns. Up-to-date performance information can be obtained by contacting UBS Asset Management (Australia) Ltd. A copy of the PDS is available from UBS Asset Management (Australia) Ltd, the issuer of the UBS Funds, on our website www.ubs.com.au or by calling (03) 9046 4041 or 1800 572 018. You should consider that PDS and obtain professional advice before making any decision about whether to acquire or continue to hold an investment in the Fund(s). This podcast may not be reproduced or copies circulated without prior authority from UBS Asset Management (Australia) Ltd. © UBS Group AG 2021. The key symbol and UBS are among the registered and unregistered trademarks of UBS. All rights reserved. CBRE Disclaimer: ©2021 CBRE Investment Management (CBRE). All rights reserved. The views expressed represent the opinions of CBRE which are subject to change and are not intended as a forecast or guarantee of future results. Stated information is provided for informational purposes only, and should not be perceived as investment advice or a recommendation for any security. It is derived from proprietary and non-proprietary sources which have not been independently verified for accuracy or completeness. While CBRE believes the information to be accurate and reliable, we do not claim or have responsibility for its completeness, accuracy, or reliability. Statements of future expectations, estimates, projections, and other forward-looking statements are based on available information and management’s view as of the time of these statements. Accordingly, such statements are inherently speculative as they are based on assumptions which may involve known and unknown risks and uncertainties. Actual results, performance or events may differ materially from those expressed or implied in such statements. Past performance of various investment strategies, sectors, vehicles and indices are not indicative of future results. Investing in infrastructure securities involves risk including potential loss of principal. Infrastructure equities are subject to risks similar to those associated with the direct ownership of infrastructure assets. Portfolios concentrated in infrastructure securities may experience price volatility and other risks associated with non-diversification. While equities may offer the potential for greater long-term growth than some debt securities, they generally have higher volatility. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. There is no guarantee that risk can be managed successfully. There are no assurances performance will match or outperform any particular benchmark. Indices are unmanaged and not available for direct investment.
EP 41: Generating income and capital growth with unlisted infrastructure - AMP Capital
39:12Accessing unlisted infrastructure, like airports and toll roads, can be challenging due to the large capital outlay required. In this episode, we chat with Rory Shapiro, Associate Director at AMP Capital, to explore how investors can generate cashflow with less volatility using unlisted infrastructure. Learn how infrastructure responds to rising inflation and discover the outlook and emerging opportunities in the sector.
Ep 40: Investing in the global leaders of tomorrow - Fidelity
40:08In this episode, we explore the factors driving performance in the global small and mid cap sector and its future outlook with James Abela and Maroun Younes from Fidelity. Discover the opportunities outside of Australia and why more investors should consider a global small and mid cap strategy.
Ep 39: Is this time different for bonds? - Schroders
37:15Bond markets are adjusting after yields moved sharply higher in the first quarter of 2021. Schroders Fund Manager Kellie Wood explores the trends set to shape markets in 2021, and explains why she believes the repricing of bonds represents a healthy reset.
Ep 38: Dynamic asset allocations in volatile times - First Sentier
41:45Kej Somaia, Co-Head of Multi-asset Solutions at First Sentier, outlines the importance of dynamic multi-asset portfolios when investing. We discuss inflation, bond yields, active vs passive strategies, and ethical investing. Kej also shares his thoughts on the next 10 year returns for fixed income and equities given the strong returns of the last decade.
Ep 37: Global property opportunities for income focused investors - APN Property
52:16Mark Mazzerella, Portfolio Manager at APN Property Group, provides the key attractions of global property REITs for income focused investors, and the unique opportunities presented by the recent pandemic.
Ep 36: Stability in volatility with convertible bonds - Lazard
34:38Arnaud Brillois, Managing Director and Portfolio Manager/Analyst on the Lazard Global Convertibles team, shares his knowledge on convertible bonds and how they differ from vanilla equity or debt. Learn about the benefits of convexity, and how you can protect your investment portfolio from volatility.