Flash talk by Kelli Schrade, CAIA, at Marquette’s 2016 Investment Symposium
This session examines the changing landscape of U.S. equities active management and offers ideas on how investors and portfolio managers can adapt.
Author: cvernon
Brexit: Market Reaction and Potential Impact
Flash talk by David Hernandez, CFA at Marquette’s 2016 Investment Symposium
This session covers the initial market reaction to Brexit and the potential impact going forward.
Core Fixed Income: Behind the Label
Flash talk by Ben Mohr, CFA at Marquette’s 2016 Investment Symposium
This session covers core fixed income, its purpose, its components, and future performance expectations
Election Years and Market Performance
2016 Investment Symposium flash talk session
Flash talk by Nat Kellogg, CFA at Marquette’s 2016 Investment Symposium
This session centers on the 2016 U.S. presidential election, election years in general and market performance
Opening Keynote with James A. Bianco
2016 Investment Symposium Opening Keynote
2016 Investment Symposium opening keynote by James A. Bianco
This presentation covers the 2016 election, negative interest rates, and post-crisis challenges for investment managers with James A. Bianco, president, Bianco Research.
2016 Investment Symposium Briefing
Watch the video above for a briefing on the opening session, keynotes and flash talks of the 2016 Investment Symposium. The symposium covered the current market environment, emerging investment themes and investment stewardship challenges in the year ahead. Our flash talk session format is designed to brief clients on more popular topics in less time and encourage timely conversations with investment consultants.
Keynotes and flash talks discussed:
- James A. Bianco Opening Keynote (clients only — registration required)
- Election Years and Market Performance
- Core Fixed Income: Behind the Label
- Brexit: Market Reaction and Potential Impact
- The Changing Landscape of Active Management for U.S. Equities
- The Demographics of Real Estate Investments
- Is My Return Target Realistic?
- Steven Levitt Freakonomics Keynote (clients only — registration required)
The Impact of Trump’s Victory on Capital Markets
November 2016
To the surprise of pollsters, analysts, and much of the American public, Republican presidential candidate Donald Trump trampled predictions by winning the presidential election in stunning fashion.
The long-term impact of Trump’s presidency on financial markets is impossible to predict at this point, given the amount of uncertainty around his expected policies. However, the short-term dynamics surrounding his election win are starting to emerge, and we share with you what we are seeing and hearing in the market in this newsletter.
Supercharged Fixed Income: Direct Lending
October 2016
Direct lending is an established asset class that provides a total return to investors typically between that of high yield bonds and mezzanine debt. It is considered private credit because the assets in a direct lending portfolio are loans originated privately between the direct lending fund manager (acting as lender) and the borrowing company. Due to the private nature of direct lending, the asset class produces attractive risk-adjusted returns supported by reduced competition, lower volatility, and favorable negotiation leverage for the direct lender. Since the financial crisis of 2008, direct lending as an asset class has featured unprecedented growth in deal volume as well as assets under management. This growth is attributed largely to post-crisis regulations that effectively forced banks, the traditional direct lenders of the past, to shed their direct lending operations. Non-bank direct lending asset managers have in turn benefitted from the significant rise in direct lending opportunities.
A Broad Overview of 529 Plans and the Achieving a Better Life Experience (ABLE) Act
September 2016
While 529 plans have existed for over two decades, recent developments such as the Achieving a Better Life Experience (“ABLE”) Act have provided a new avenue for families with eligible disabled dependents to build a pool of assets that cover qualified disability expenses such as education, housing, and transportation. Like 529 plans, 529 ABLE (“529A”) plans provide a tax advantaged investment vehicle for eligible participants.
New GICS Real Estate Sector
September 2016
S&P Dow Jones Indices and MSCI Inc. have announced the creation of a new real estate sector within the Global Industry Classification (GICS) system. Effective market close August 31, 2016, real estate officially became its own GICS sector, whereas it was formerly included within the financial sector. MSCI implemented this new classification change as of this date, but S&P Dow Jones indices will not see this change made until their quarterly index rebalance date of September 16th. Russell indices will not be affected since they utilize a separate classification system from GICS.