Past Programs

The negative correlation between equities and bonds, which has served 60/40 portfolios so well for the past decade, is now questionable. The new investment regime, exacerbated by the pandemic, has somewhat diminished the defensive role of bonds. Is there an alternative to bonds, or so-called bond-substitutes?

Strictly speaking the pandemic might not be a black swan, but it certainly has many characteristics of it from an equity investor perspective

As investors anticipate a world of lower expected return, heightened inflation, increased conflict and undue government interference, it is imperative to question whether traditional capital market assumptions and models continue to hold true. Like the wombat with its reinforced rump, what protection levers are available for deployment in a portfolio?

The coronavirus pandemic of 2020 has shown how vulnerable retirement savings can be to tail risk events in markets. Can we learn from this experience to build lasting options for members, so they can grow old comfortably?

Australian property is not immune to global macroeconomic and secular trends, including the Amazon effect that has almost decimated retail. Like the hermit crab, the search for yield and the need for diversification will inevitably nudge investors to consider opportunities beyond core sectors and local markets.

Why are we so afraid of sharks? This is probably fuelled by our fear of the unknown, where the uncertain depths of the oceans are filled with mystery, engendering the perceived likelihood of being attacked.