Michael Elsworth, Executive Director at Lonsec, joins us to discuss retirement income strategies during volatile markets, including his investment philosophy, the benefits and risks of different retiree income strategies and the advantages of combining income streams during times of uncertainty.
Build a resilient portfolio for all stages of the economic cyclenetwealthInvest
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Strategies for positive returns in volatile marketsnetwealthInvest
Part of Netwealth's portfolio construction webinar series - ST Wong from Prime Value presented to an audience on 14th June 2016 on the topic of absolute investing.
Measuring Hedge Fund Performance: Investors Weigh In InfographicManagedFunds
Investors in hedge funds look to those allocations to fulfill a number of objectives for their portfolios, according to new data from Preqin. MFA used those data to illustrate a number of important points on how investors measure hedge fund performance in a new infographic.
Build a resilient portfolio for all stages of the economic cyclenetwealthInvest
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Strategies for positive returns in volatile marketsnetwealthInvest
Part of Netwealth's portfolio construction webinar series - ST Wong from Prime Value presented to an audience on 14th June 2016 on the topic of absolute investing.
Measuring Hedge Fund Performance: Investors Weigh In InfographicManagedFunds
Investors in hedge funds look to those allocations to fulfill a number of objectives for their portfolios, according to new data from Preqin. MFA used those data to illustrate a number of important points on how investors measure hedge fund performance in a new infographic.
Drexel University Lecture - Private Equity OverviewJustin Shuman
A high level overview of the private equity market, how fund economics work, and what questions to ask general partners when evaluating fund investment merit.
Venture Financings 101 (SAFEs, Convertible Notes, Seed and Series A) | Bardia...UCICove
An introductory crash course on the typical legal and business terms involved with, and negotiated in, venture capital fundraising including SAFE, Convertible Note, Series Seed and Series A financings.
Following three very challenging years in the local asset management industry, investors and investment professionals have been forced to reconsider the effectiveness of their investment strategies for living annuities.
Understanding How Venture Capital Works | Kirsten Leute and John Lee | Lunch ...UCICove
About UCI Applied Innovation:
UCI Applied Innovation is a dynamic, innovative central platform for the UCI campus, entrepreneurs, inventors, the business community and investors to collaborate and move UCI research from lab to market.
About the Cove @ UCI:
To accelerate collaboration by better connecting innovation partners in Orange County, UCI Applied Innovation created the Cove, a physical, state-of-the-art hub for entrepreneurs to gather and navigate the resources available both on and off campus. The Cove is headquarters for UCI Applied Innovation, as well as houses several ecosystem partners including incubators, accelerators, angel investors, venture capitalists, mentors and legal experts.
Follow us on social media:
Facebook: @UCICove
Twitter: @UCICove
Instagram: @UCICove
LinkedIn: @UCIAppliedInnovation
For more information:
cove@uci.edu
http://innovation.uci.edu/
Real Estate Investing 101: Private EquityPeerRealty
This is the presentation deck from Real Estate Investing 101: Private Equity, PeerRealty's second in a series of on-demand educational videos. In this series, PeerRealty Head of Investments Jeff Rothbart takes viewers through the fundamentals of real estate investing, and discusses some of the key metrics that real estate investors should consider. This first course, Private Equity, discusses the fundamentals of real estate private equity transactions, and covers concepts like private placement memorandums, the "promote," and preferred returns.
You can view this webinar at http://resources.peerrealty.com/real-estate-investing-101-private-equity
Energy Efficiency Investments In A Pension Fund Asset Allocation, Michael Fri...Alliance To Save Energy
On December 14, 2009, the Alliance to Save Energy and the Renewable Energy and Energy Efficiency Partnership (REEEP) held a side event at the COP15 climate conference in Copenhagen, Denmark, entitled, "Paradox to Paradigm: The Role of Energy Efficiency in Creating Low Carbon Economies."
Venture Capital Funds 101: Understanding How They Are Structured and Operated...UCICove
About UCI Applied Innovation:
UCI Applied Innovation is a dynamic, innovative central platform for the UCI campus, entrepreneurs, inventors, the business community and investors to collaborate and move UCI research from lab to market.
About the Cove @ UCI:
To accelerate collaboration by better connecting innovation partners in Orange County, UCI Applied Innovation created the Cove, a physical, state-of-the-art hub for entrepreneurs to gather and navigate the resources available both on and off campus. The Cove is headquarters for UCI Applied Innovation, as well as houses several ecosystem partners including incubators, accelerators, angel investors, venture capitalists, mentors and legal experts.
Follow us on social media:
Facebook: @UCICove
Twitter: @UCICove
Instagram: @UCICove
LinkedIn: @UCIAppliedInnovation
For more information:
cove@uci.edu
http://innovation.uci.edu/
Ambitious entrepreneurs need stimulating ecosystems. Dutch partners in regional economics (Ministry of Economic Affairs, Economic Board Utrecht, Utrecht University) now explore the Dutch entrepreneurial ecosystem. In that system venture capital of course is vital for ambitious entrepreneurs. Don Ginsel (Capital Waters) explains the Dutch situation.
Drexel University Lecture - Private Equity OverviewJustin Shuman
A high level overview of the private equity market, how fund economics work, and what questions to ask general partners when evaluating fund investment merit.
Venture Financings 101 (SAFEs, Convertible Notes, Seed and Series A) | Bardia...UCICove
An introductory crash course on the typical legal and business terms involved with, and negotiated in, venture capital fundraising including SAFE, Convertible Note, Series Seed and Series A financings.
Following three very challenging years in the local asset management industry, investors and investment professionals have been forced to reconsider the effectiveness of their investment strategies for living annuities.
Understanding How Venture Capital Works | Kirsten Leute and John Lee | Lunch ...UCICove
About UCI Applied Innovation:
UCI Applied Innovation is a dynamic, innovative central platform for the UCI campus, entrepreneurs, inventors, the business community and investors to collaborate and move UCI research from lab to market.
About the Cove @ UCI:
To accelerate collaboration by better connecting innovation partners in Orange County, UCI Applied Innovation created the Cove, a physical, state-of-the-art hub for entrepreneurs to gather and navigate the resources available both on and off campus. The Cove is headquarters for UCI Applied Innovation, as well as houses several ecosystem partners including incubators, accelerators, angel investors, venture capitalists, mentors and legal experts.
Follow us on social media:
Facebook: @UCICove
Twitter: @UCICove
Instagram: @UCICove
LinkedIn: @UCIAppliedInnovation
For more information:
cove@uci.edu
http://innovation.uci.edu/
Real Estate Investing 101: Private EquityPeerRealty
This is the presentation deck from Real Estate Investing 101: Private Equity, PeerRealty's second in a series of on-demand educational videos. In this series, PeerRealty Head of Investments Jeff Rothbart takes viewers through the fundamentals of real estate investing, and discusses some of the key metrics that real estate investors should consider. This first course, Private Equity, discusses the fundamentals of real estate private equity transactions, and covers concepts like private placement memorandums, the "promote," and preferred returns.
You can view this webinar at http://resources.peerrealty.com/real-estate-investing-101-private-equity
Energy Efficiency Investments In A Pension Fund Asset Allocation, Michael Fri...Alliance To Save Energy
On December 14, 2009, the Alliance to Save Energy and the Renewable Energy and Energy Efficiency Partnership (REEEP) held a side event at the COP15 climate conference in Copenhagen, Denmark, entitled, "Paradox to Paradigm: The Role of Energy Efficiency in Creating Low Carbon Economies."
Venture Capital Funds 101: Understanding How They Are Structured and Operated...UCICove
About UCI Applied Innovation:
UCI Applied Innovation is a dynamic, innovative central platform for the UCI campus, entrepreneurs, inventors, the business community and investors to collaborate and move UCI research from lab to market.
About the Cove @ UCI:
To accelerate collaboration by better connecting innovation partners in Orange County, UCI Applied Innovation created the Cove, a physical, state-of-the-art hub for entrepreneurs to gather and navigate the resources available both on and off campus. The Cove is headquarters for UCI Applied Innovation, as well as houses several ecosystem partners including incubators, accelerators, angel investors, venture capitalists, mentors and legal experts.
Follow us on social media:
Facebook: @UCICove
Twitter: @UCICove
Instagram: @UCICove
LinkedIn: @UCIAppliedInnovation
For more information:
cove@uci.edu
http://innovation.uci.edu/
Ambitious entrepreneurs need stimulating ecosystems. Dutch partners in regional economics (Ministry of Economic Affairs, Economic Board Utrecht, Utrecht University) now explore the Dutch entrepreneurial ecosystem. In that system venture capital of course is vital for ambitious entrepreneurs. Don Ginsel (Capital Waters) explains the Dutch situation.
FIRST, RUSSIA – UKRAINE AND NOW IT’S ISRAEL –
HAMAS! WHAT IS LYING AHEAD FOR INDIAN MARKET ?
Investment
Gyan Market Indicators
Inspiring Investment Story
Study on Mutual Fund is the Better Investment PlanProjects Kart
Mutual funds have become a hot favorite of millions of people all over the world. The driving force of mutual fund is the ‘safety of the principal’ guaranteed, plus the added advantage of capital appreciation together with the income earned in the form of interest or dividend. People prefer Mutual Funds to bank deposits, life insurance and even bond because with a little money, they can get into the investment game. One can own string blue chips like ITC, TISCO, Reliance etc., through mutual funds. Thus, mutual funds act as a gateway to enter into big companies hitherto inaccessible to an ordinary investor with his small investment.
A mutual fund is a type of professionally managed collective investment scheme that pools money from many investors to purchase securities. While there is no legal definition of the term "mutual fund", it is most commonly applied only to those collective investment vehicles that are regulated and sold to the general public. They are sometimes referred to as "investment companies" or "registered investment companies."
Systematic Investment Plans (SIPs) - Your Solution for Wealth creationQuantum Mutual Fund
As an investor, it’s important for you to understand the correct way of investing to generate wealth out of your savings.
One of the most disciplined ways of investing is going through the Systematic Investment Plan (SIP) route. By regular systematic investments you can save your money wisely and regularly to meet their financial goals.
Similar to Retirement income strategies during volatile and uncertain markets (20)
What does the coronavirus stimulus package mean for you and your clientsnetwealthInvest
Keat Chew, Netwealth Head of Technical Services, examines the Federal Government's stimulus package to simplify what matters most for you and your clients.
How clients are reacting to uncertainty and how best to deal with itnetwealthInvest
Drawing on CoreData's just completed research Andrew Inwood shares insights into how Australian investors are reacting to the coronavirus uncertainty and how advisers can best support clients in this environment.
2020, the latest developments in Environment, Social and Governance investingnetwealthInvest
In this presentation, we discuss current ESG themes, including regulatory changes and key environmental, social and governance factors that investors need to understand in 2020.
2020 Netwealth Roadshow - Next super steps with Keat Chew, Netwealth Head of ...netwealthInvest
With more than three decades of super asset growth behind us, Netwealth's Head of Technical Services, Keat Chew, presented four strategies that can be used to elevate superannuation advice in 2020 and beyond.
2020 Netwealth Roadshow - Evolving your service offering for high net worth c...netwealthInvest
At the 2020 Netwealth roadshow, we also presented our newest research paper: How to attract and retain high net worth clients.
With Australia now boasting around 266,000 high net worth individuals with highly complex financial profiles and a combined $2 trillion in investable assets (1) and only 39% having receive financial advice (2), there is considerable opportunity for you to serve this segment.
(1/2) Capgemini, World Wealth Report 2019. https://www.capgemini.com/news/world-wealth-report-2019/
Adapting to change: How to future-ready your practicenetwealthInvest
To help you adapt and benefit from future trends, Jason Andriessen, managing director of Coredata, explores what you should be doing to position your business for growth and success.
Roger Montgomery, founder and chief investment officer at Montgomery Investment Management shares his key market insights and opportunities for equity investors in 2020.
1. Has the Australian equity market already been priced in a lower for longer environment
2. What are the risks for equity investors in 2020?
3. The advantages of a flexible investment strategy across sector, size and equity/cash
Practical steps to building an estate planning offeringnetwealthInvest
If you're looking to grow your business and strengthen client relationships then you may wish to consider the role estate planning has on your value proposition.
In this presentation Brandon Thompson, CEO of Yodal, will demonstrate the practical benefits of an estate planning offering and outline why advisers are well placed to capitalise on this commercial opportunity.
Learn from David Smorgon OAM, CEO of Pointmade, as he guides you through the process of transitioning a family-owned business, sharing his experiences from Smorgon Consolidated Industries, one of Australia’s largest family businesses.
The rise of Global Listed Infrastructure and why now?netwealthInvest
Globally, billions of people rely on infrastructure to live their lives, from the toll roads they drive on, the electricity that powers their homes and the water they drink.
Global investment in infrastructure is increasing, with $70 trillion expected to be invested by 2035, making this an asset class too large to ignore.
In this webinar, Gavin Peacock, Senior Research Analyst at CBRE Clarion Securities, will share his insights on global infrastructure as an asset class within portfolios, and its unique features.
Create a strategic roadmap for 2020 and beyondnetwealthInvest
Learn from Brad Fox, Managing Director at SmartBrave Consulting, as he guides you through the process of creating an effective strategic roadmap to not just future-proof your business, but a strategy to thrive in 2020 and beyond.
Why emerging markets are too important to ignorenetwealthInvest
Learn how the emerging middle class may impact infrastructure for decades to come and what investment opportunities this may result in from Sarah Shaw, Global Portfolio Manager and CIO at 4D Infrastructure
Discover how to unlock the most powerful tool in your saleskit - "stories" with Eleece Quilliam, National Manager of Invesco Consulting Australia.
Learn from Eleece how highly-effective advisers use 'StorySelling' to help them establish stronger personal connections and convert more prospects.
The likely impacts of AI on your business and financial advicenetwealthInvest
With so much industry speculation, it can be difficult to determine if Artificial Intelligence (AI) will result in the end of financial advice as we know it or unlock a new universe of possibilities for advisers.
In this webinar Joel Robbie, co-founder and CEO of Nod, will help you understand the true and likely impact of this technology on your business and provide you with practical tips to navigate and capitalise on any change.
Marketing strategies to communicate your value effectivelynetwealthInvest
Learn marketing strategies to help you communicate and demonstrate your value effectively so clients understand why they shouldn't live with out you, with Kim Payne - founder of 9rok Consulting.
Explore what changes your business may need to make to better attract, retain and advise the Gen X&Y market with Steve Crawford, CEO of Experience Wealth – a business that deals exclusively with Gen X&Y clients.
Identify small cap stocks that will last the distancenetwealthInvest
Australian small cap stocks can be a popular investment due to their higher growth potential over large cap stocks. If you’d like to gain exposure to small cap stocks, this webinar by Aberdeen can teach you how to identify high-quality businesses that can last the distance.
Australian investor trends every financial adviser should knownetwealthInvest
Discover how 1,000 Australian investors are managing their portfolios and their views on investment advice, emerging investment themes such as ESG, and the effect of technology on investing, from Andy Sowerby, Managing Director of Legg Mason Australia and New Zealand.
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What will the 2019 Federal Budget announcement mean for you?netwealthInvest
Netwealth's Head of Technical Services, Keat Chew, analyses the 2019 Budget announcement to determine key action points for financial advisers and their clients.
This is a presentation by Dada Robert in a Your Skill Boost masterclass organised by the Excellence Foundation for South Sudan (EFSS) on Saturday, the 25th and Sunday, the 26th of May 2024.
He discussed the concept of quality improvement, emphasizing its applicability to various aspects of life, including personal, project, and program improvements. He defined quality as doing the right thing at the right time in the right way to achieve the best possible results and discussed the concept of the "gap" between what we know and what we do, and how this gap represents the areas we need to improve. He explained the scientific approach to quality improvement, which involves systematic performance analysis, testing and learning, and implementing change ideas. He also highlighted the importance of client focus and a team approach to quality improvement.
The French Revolution, which began in 1789, was a period of radical social and political upheaval in France. It marked the decline of absolute monarchies, the rise of secular and democratic republics, and the eventual rise of Napoleon Bonaparte. This revolutionary period is crucial in understanding the transition from feudalism to modernity in Europe.
For more information, visit-www.vavaclasses.com
The Indian economy is classified into different sectors to simplify the analysis and understanding of economic activities. For Class 10, it's essential to grasp the sectors of the Indian economy, understand their characteristics, and recognize their importance. This guide will provide detailed notes on the Sectors of the Indian Economy Class 10, using specific long-tail keywords to enhance comprehension.
For more information, visit-www.vavaclasses.com
How to Make a Field invisible in Odoo 17Celine George
It is possible to hide or invisible some fields in odoo. Commonly using “invisible” attribute in the field definition to invisible the fields. This slide will show how to make a field invisible in odoo 17.
How to Create Map Views in the Odoo 17 ERPCeline George
The map views are useful for providing a geographical representation of data. They allow users to visualize and analyze the data in a more intuitive manner.
Ethnobotany and Ethnopharmacology:
Ethnobotany in herbal drug evaluation,
Impact of Ethnobotany in traditional medicine,
New development in herbals,
Bio-prospecting tools for drug discovery,
Role of Ethnopharmacology in drug evaluation,
Reverse Pharmacology.
Welcome to TechSoup New Member Orientation and Q&A (May 2024).pdfTechSoup
In this webinar you will learn how your organization can access TechSoup's wide variety of product discount and donation programs. From hardware to software, we'll give you a tour of the tools available to help your nonprofit with productivity, collaboration, financial management, donor tracking, security, and more.
How to Split Bills in the Odoo 17 POS ModuleCeline George
Bills have a main role in point of sale procedure. It will help to track sales, handling payments and giving receipts to customers. Bill splitting also has an important role in POS. For example, If some friends come together for dinner and if they want to divide the bill then it is possible by POS bill splitting. This slide will show how to split bills in odoo 17 POS.
10. Page 9
Our Philosophy and Process
We believe in…
• Diversified portfolio approach
across asset classes and
investment strategies
• Top-down & bottom-up analysis
combined with quantitative
stress testing
• Strong focus on risk
management. Investors have an
asymmetric risk tolerance, fear
losses more than gains
12. A framework for building Retirement portfolios
• Recognising two objectives in retirement: Growth & Income
• Focusing on managing risks specific to the retirement phase:
• market risk
• inflation risk
• longevity risk
• sequencing risk
• A diversified functional approach i.e. not skewed to one factor such as yield or capital
preservation
Page 11
13. Portfolio Building Blocks
Page 12
• A building block approach forms the basis of every portfolio we build
• Fundamental analysis combined with quantitative models tested through a range of market conditions
Fundamental bottom-up analysis
Alpha
Growth
Beta
Yield
Risk
Control
Risk
Control
Accumulation Portfolios
Retirement Portfolios
14. Retirement Portfolios
Page 13
Objectives based
• Generate sustainable level of income, not outperform an index
• Management of drawdowns more critical
Certainty
• Retirees crave certainty
• Evidence that retirees are self-insuring against longevity risk
Different to Accumulation Portfolios
• Retirement portfolios need to be managed differently to accumulation portfolios
• Managed to mitigate different risks - income level risk, inflation risk, income volatility risk
15. Portfolio Construction
Page 14
Advice Is Key
Age Pension
Retirement Products
Account Based
Pension
Discretionary
Spending
Essential
Spending
• Australian Equities
• Global Equities
• Fixed Income
• Property
• Alternatives
• Cash
Account Based
Pension
Retirement
Products
Age
Pension
16. Retirement Products as part of a Portfolio
Page 15
No Allocation
30% Funded from
Defensive Assets
30% Funded Pro-Rata
Australian Equities 25% 25% 17.5%
Global Equities 25% 25% 17.5%
Property & Infra 10% 10% 7%
Fixed Interest 35% 5% 24.5%
Cash 5% 5% 3.5%
RETIREMENT PRODUCT 0% 30% 30%
Total PORTFOLIO 100% 100% 100%
17.
18.
19. Future Safe
Page 18
• Protection
• Growth
ASX 200 Accumulation
MSCI World Unhedged
• Income
• Flexibility
–10% floor
–5% floor
0% floor Fixed Rate
Cap:
Max. Gain
Floor:
Max. Loss
Source: Allianz Retire+
20. Risk Mitigation
Page 19
Sequencing risk – income streams can be severely impacted
by the timing of negative investment returns, particularly early
in retirement.
Longevity risk – increasingly important as life expectancies
have increased.
Market risk – Investors will need to take on market risk to maximise chances of meeting
long-term investment goals.
Inflation risk – the purchasing power of income streams can be eroded over the longer term
by inflation.
Interest rate risk – particularly relevant if retirees are using term deposits.
21. Advantages
Page 20
Guaranteed Payments
Annuities provide a guaranteed payment, paid over an investor’s lifetime.
Annuity payments are contractual obligations of life insurance companies. Capital is pooled in
statutory funds and monitored by APRA.
Downside Protection
Protect against equity market volatility when you need it.
Flexibility
Investors can select inflation indexed annuities which preserve income stream purchasing power.
Choice of underlying markets for Future Safe.
Enhanced liquidity with products offering capital withdrawal periods.
Guaranteed death benefits for beneficiaries.
22. Disadvantages
Page 21
Opportunity cost – retirees forgo the opportunity to potentially earn better returns in the
future.
Liquidity risk – capital is not always able to be accessed, though new features provide
greater flexibility but involve trade-offs.
Credit risk – annuitants are exposed to the creditworthiness of the statutory fund of the
insurer. The capital adequacy of insurance companies is monitored by APRA.
Transparency - fees may be quoted as an explicit cost in the case of annuities.
23. Thank You
Michael Elsworth
M +61 407 295 901
michael.elsworth@lonsec.com.au
Level 7
90 Collins Street
Melbourne VIC 3000
lonsecresearch.com.au