Hi [[ session.user.profile.firstName ]]

Multi Asset Investing in the “roaring 20’s” - low returns, higher risk?

Multi Asset has been one of the most successful strategies with respect to attracting new assets over the last fifteen years. But the tides might turn in the decade ahead.

Low returns from bonds as one of the longest bond bull markets in economic history - according to research from BoE- is finally over. High levels of government debt, reinforced by the COVID 19 pandemic, might lead to an ongoing low interest rate scenario and “financial repression” (negative real rates) for decades to come. Low equity returns should be expected because of low earnings growth - especially in Europe, where index earnings are lower than 10 years ago - or high valuations like in the US.

Diversification across asset classes doesn´t work anymore. Bonds lost their diversification benefits over the last couple of years, which leads to higher overall risk in Multi Asset portfolios. For a similar level of volatility and drawdown than during the past 15 years, exposures to risky assets should be lower – in contrast to what investors are doing today.

Implication might be the end of Multi Asset as it has been delivered over the last 15 years. New sources of return and diversification are needed and classical asset allocation, as we know it, must be replaced by risk-based - or total portfolio approaches.

The webinar is about new sources of return, combining traditional and alternative risk premia in one portfolio, new sources of diversification as risk mitigation strategies might be more effective than bonds in the years ahead and a Total Portfolio Approach as a more risk-efficient framework than classical asset allocation.
Recorded Oct 29 2020 51 mins
Your place is confirmed,
we'll send you email reminders
Presented by
Ulf Füllgraf, Managing Director, Alpha-Centauri
Presentation preview: Multi Asset Investing in the “roaring 20’s” - low returns, higher risk?
  • Channel
  • Channel profile
  • Build-for-Rent - Taking Institutional Investors by Storm Oct 28 2021 5:00 pm UTC 60 mins
    Jeff Cline, CEO, SVN | SFR Capital Management
    Since its inception during the Great Recession in 2007, Build-for-Rent (BFR) - a rapidly growing commercial investment asset class focused on acquiring a large number of newly-built rental homes - has passed through its initial concept phase, with successful BFR projects continuing to operate and expand even through recessionary periods. While primarily owned by small investors, through the recent downturn large private equity firms such as Blackstone, Invitation Homes and Starwood Capital have started to acquire huge portfolios of BFR communities.

    Beyond the demographic trends and desirable tenant profiles, BFR portfolios offer a multitude of benefits that are attracting investors from all investment categories. Build-for-Rent offers greater financial stability, more exit or resale options, lower operating expenses and potentially higher net yield at acquisition with higher ROI.

    Single-family rental rates are growing fast at 4.5% annually now compared with 3% rent growth for multi-family apartments, according to John Burns Real Estate Consulting. Additionally, there is much less turnover in single-family rentals, and the rental market is less volatile when compared to the home sale market.

    Join Jeff Cline of SVN | SFR Capital Management to hear about the sector that is capturing investors' interest across various investment categories. Overall, the resiliency, proven concept and multitude of benefits make the Build-to-Rent asset class a very attractive opportunity for investors to consider. In this presentation, Cline will discuss:

    -An overview of Build-for-Rent, the leading commercial real estate investment category.
    -Financial performance compared with other investment segments.
    -A comparison of all CRE asset classes for investment.
    -Top reasons increasing numbers of investors are investing in single-family residential and Build-for-Rent portfolios.
    -A look at what’s to come in 2021 and beyond.
  • Future-Proof Multi-Asset Strategies Oct 28 2021 3:00 pm UTC 60 mins
    Glenn Gonzales (Obsidian Capital), Ulf Füllgraf (Alpha Centauri), Kevin Mahn (Hennion & Walsh) & Aymeric Forest (abrdn)
    The global economy is set to expand 5.6 percent in 2021—its strongest post-recession pace in 80 years. As the ‘new normal’ materialises, previously held assumptions and understandings about asset allocation are being challenged, forcing allocators to rethink their investment strategies to ensure they can generate attractive risk-adjusted returns for investors.

    While portfolios were typically diversified by equity and bond splits, decreasing yields mean government bonds are becoming an increasingly risky option. To manage risk, asset allocators need to rethink the conventional concept of 60/40, and assume a more active approach to asset allocation, risk management and suitability profile.

    In this session, we’ll explore new approaches to asset allocation and give you the tools you need to future-proof your multi-asset solutions.

    Topics for discussion include:

    Should bonds still form part of a multi-asset approach?
    Integrating alternative assets
    Mitigating portfolio risk in the post-Covid world
    And more…

    Glenn Gonzales, Owner & CEO of Obsidian Capital
    Ulf Füllgraf, Managing Director at Alpha Centauri, Hamburg
    Kevin Mahn, President & Chief Investment Officer at Hennion & Walsh
    Aymeric Forest, Global Head Multi Asset Solutions at abrdn plc, formerly Standard Life Aberdeen plc
  • Using Portfolio Construction to Build Resilient Real Asset Portfolios Oct 28 2021 10:00 am UTC 60 mins
    Laurence Monnier, Head of Quantitative Research, Real Assets at Aviva Investors
    While portfolio construction theory has guided investment decisions for decades, the use of such quantitative tools are less prevalent in private markets. In this presentation, we look how these tools can be used to select which sectors of real assets offer the best relative value, and to build resilient real asset portfolios.
  • Delivering Income in Retirement – Helping your clients make good decisions Oct 28 2021 8:00 am UTC 60 mins
    Dan Kemp, Global Chief Investment Officer at Morningstar Investment Management Europe Ltd
    As the yield on conventional multi-asset portfolios has collapsed, it has become increasingly difficult for advisers to meet investors’ expectations for income in retirement. In this presentation, Dan will show how advisers can address both the practical and behavioural challenges of delivering income for retirees using conventional assets managed in unconventional ways.
  • Alpha, Impact and ESG: Shaping the future of LatAm Recorded: Sep 9 2021 51 mins
    Francesca Whalen & Alfredo Vargas (Integra Groupe) and Eduardo Atehortua (PRI)
    Join us as we discuss:
    How ESG is evolving in Latin America
    The power of ESG and early-stage private companies
    How Integra Groupe is launching strategies at the intersection of ESG and Venture Capital
    The potential “future proofing” features of ESG in VC portfolios
    How we see sustainability growth in the future in LATAM

    Francesca Whalen, Managing Partner at Integra Groupe
    Alfredo Vargas, Managing Partner at Integra Groupe
    Eduardo Atehortua, Head of Latam (Ex-Brasil) at Principles for Responsible Investment (PRI)
  • Driving consistency in ESG disclosures Recorded: Sep 9 2021 59 mins
    Tom Brown (KPMG), Gabriele Liotta & Meagan Andrews (World Economic Forum), Rick Lacaille (State Street)
    There is increasing pressure from investors and wider society on companies to demonstrate real progress on the commitments they have made on environmental, social and governance (ESG) themes.
    ESG considerations are increasingly important in identifying material risks and growth potential, which helps investors make better investment decisions. Yet it is becoming ever clearer that the proliferation of overlapping, voluntary ESG disclosure frameworks are preventing investors from forming a clear view on ESG performance.
    On this webinar, we will discuss the role investors can play in driving improvements in companies’ ESG reporting, and how they can better assess companies’ progress against their ESG commitments and targets.
    In addition, we will discuss the role World Economic Forum International Business Council (WEF IBC) Stakeholder Capitalism Metrics play in providing a global solution for more consistent, decision-relevant information to investors on long-term value creation.

    Tom Brown, Emeritus Global Head of Asset Management, KPMG UK
    Gabriele Liotta, Global Leadership Fellow, World Economic Forum
    Meagan Andrews, Lead Investors Industries, World Economic Forum
    Rick Lacaille, Global Head of ESG, State Street Global Advisors
  • Enhanced ESG reporting frameworks and how it can help address the water crisis Recorded: Sep 9 2021 45 mins
    Michael Lewis, Head of Research ESG, DWS
    ESG investing is held back by existing sustainability reporting frameworks which allow conflicts of interests to fester, greenwashing to pervade and stymies investors’ desire to put capital at work to address humanity’s sustainability challenges.

    We show why existing reporting frameworks are therefore in need of an upgrade. This means reporting standards that are science-based, incorporate double materiality, and go beyond climate-related financial risks to broader sustainability issues.

    We take a deep dive into the issue of water risk and how enhanced disclosure and reporting requirements are essential to fill the data gaps and enable investors to have a more complete picture of these risks within their investment portfolios, to engineer more effective engagement strategies with their investment companies and how to address water risk from a multi-asset class perspective.
  • Making an Impact on the World and Your Investment Portfolio Recorded: Sep 8 2021 44 mins
    Kevin Mahn, President & CIO, Hennion & Walsh Asset Management Company
    Thanks to advanced Sustainable Impact Investing strategies, feeling good about the companies you invest in and the potential returns of the stocks that those companies may generate are no longer mutually exclusive objectives. Sustainable Impact Investing involves a more positive and proactive review of a company than traditional socially responsible investing strategies to give a complete picture of its operations and economic/social impact. Included in this category are Environmental, Social, and Governance (ESG) factors. Following this approach, investors evaluate a company's current and future performance, the risks associated with these types of factors, and how they may affect its long-term sustainability.

    Join this webinar to learn more about:
    • The growing popularity of Sustainable Impact Investing across the globe
    • An innovative approach to ESG-oriented ratings and rankings
    • Assessing the investment merits of the common stocks of companies with high ESG scores
    • Putting it all together into one comprehensive investment solution
  • Reframing Performance: Strategies for Profits with Values Recorded: Sep 8 2021 56 mins
    Igor Tsukerman, CEO & Chief Investment Officer, Eureka Wealth Solutions
    Impact Investing, while not new, has been on the huge rise the past few years, and has now gone mainstream. The pandemic has accelerated this process by forcing rapid structural economic changes. What does it mean for your portfolio? We will examine some current market themes and trends – economic, demographic, geopolitical, regulatory, and technological.

    We will discuss what have worked for investors recently, what can be expected in the future and how the investors can align their portfolios with their values.
  • Dedicated ocean engagement – Benefits of diving into the blue economy Recorded: Sep 8 2021 51 mins
    Theresa Boettger, Product Specialist Sustainable Equities, DWS Group
    Oceans play a central role in the 21st century, not only for our ecosystems but also for the economy with rapid growth in fields like sustainable aquacultures, shipping or offshore energy. At the same time ecosystems are stressed and harmed: damage from ocean plastics is valued at USD 13 billion. Now more than ever, investors can participate in an active transformation of the blue economy - the 8th largest economy measured by “gross marine product”. With their investments, they can contribute to a positive impact on the oceans, while not sacrificing on absolute return.

    Focusing on ocean health contributors and ocean dependent companies, which we support in their transition to become a more sustainable company, a real transformation can be achieved in particular with active engagement. WWF helps us as a strong partner to contribute to turn the tides and enhances our engagement quality further!

    In this webinar you will learn:

    - Why investing in the sustainable Blue Economy can lead to a positive impact and a positive return

    - Why active engagement is key to support ocean related companies on their transition pathway

    - How ESG momentum can be integrated in an active ocean engagement strategy

    - Relevance of long term sustainable investment trends with strong growth rate

    Listeners will become aware of how pure-play sustainability aspects with regards to the blue economy can complement their sustainable portfolio and add value with long term growth opportunities.
  • ESG reporting: Are Investors Getting What They Want? Recorded: Sep 7 2021 57 mins
    Lindsey Stewart,George Richards, Helena Watson & Sophie Gauthier-Beaudoin, KPMG UK
    In 2020, investors made it increasingly clear what they want from ESG reporting. They want meaningful, decision-relevant disclosures from companies, particularly on environmental and social themes. They also want to see disclosures made under frameworks that emphasise materiality, and greater convergence and standardisation in those frameworks.

    With the year-end reporting season in full swing, we examine whether investors are getting what they asked for and what developments in ESG reporting are expected over the course of 2021.

    Join this session as we discuss:
    *Are companies providing more meaningful disclosures to investors on climate change?
    *Investors are focusing more strongly on the S in ESG – how have companies responded?
    *Are companies responding to the call to disclose under materiality focused frameworks, particularly TCFD and SASB?
    *What progress has been made on convergence in the various ESG frameworks
    *What investors can do to encourage companies and framework owners to promote transparency and consistency

    Lindsey Stewart CFA, Senior Investor Engagement Manager, KPMG UK
    George Richards, Associate Partner, Head of ESG Assurance, KPMG UK
    Helena Watson, Director Accounting Advisory Services, KPMG UK
    Sophie Gauthier-Beaudoin, Director Investor Engagement, KPMG UK
  • Demystifying ESG performance metrics Recorded: Sep 7 2021 61 mins
    Vivek Mittal, Asha Mehta, Justina Lai + more TBD
    ESG boomed in the past year, with the global pandemic highlighting at once the value of ESG criteria for risk management, and bringing the need to bridge social gaps and fight climate change to the forefront of our shared consciousness.

    The biggest generational wealth transfer in history is set to take place over the next decade, with over $30 trillion being passed from baby boomers to millennials. A recent study by MSCI found that 90% of millennials wanted to tailor their investments to their values - suggesting that this shift towards ESG is set to continue into the future.

    With this in mind, it has never been more important for wealth advisors to integrate ESG into their investment strategy. However, without any set standards or benchmarks defining its scope, delivering sound advice about ESG performance is by no means easy.

    Join this session to get exclusive insight into ESG performance metrics from world-leading advisors and ESG experts.

    Topics for discussion include:

    - Market-beating ESG strategies and how to replicate them in your practice
    - Moving beyond exclusion: how to identify ESG opportunities and assess risks to achieve higher returns
    - Incorporating ESG data sets into reporting to deliver more valuable insights to investors

    Vivek Mittal, Chief Executive Officer, Afida Africa (Moderator)
    Asha Mehta, Managing Partner & CIO, Global Delta Capital
    Justina Lai, Chief Impact Officer, Wetherby Asset Management
  • Build-for-Rent: Rising to the Forefront Recorded: Jul 7 2021 38 mins
    Jeff Cline, Co-CEO, SVN | SFR Capital Management
    Rising to the forefront, one commercial real estate (CRE) asset class has garnered nationwide interest while thriving through recent economic and social disruptions. Build-for-Rent - this commercial investment segment focused on buying portfolios of five or more newly-built rental homes - is experiencing accelerated growth with incredible growth momentum.

    The course of 2020 brought many new Build-for-Rent (BFR) home opportunities, and we believe it’s just getting started. As home builders are beginning to embrace this concept and are now assigning valuable land pipeline dedicated to BFR communities, we see 2021 as the start of a 10 to 20-year market depth.

    A large new trend in 2021 will be the number of dedicated BFR communities completed and occupied from what was previously a retail lot pipeline by regional and national builders. Between the advance of BFR pre and post-covid, there will be more consideration around the design and functionality of homes and the connectivity in the communities - the latter being even more of a focus on the BFR communities to create a better sense of engagement.

    Join Jeff Cline, Co-CEO of SVN | SFR Capital Management, LLC, a private, commercial real estate investment firm dedicated to the Build-for-Rent asset class, to hear about the sector that is leading the commercial real estate segment.

    Join us as we discuss:
    *A look into the future and what’s to come in 2021 and beyond.
    *An overview of the Build-for-Rent asset class leading the CRE segment and a comparison of these various segments for investment.
    *Financial performance compared with other investment segments.
  • Old and New Opportunities from Disruption – The Case for Emerging Markets Recorded: Jul 7 2021 62 mins
    Paul Wendee, Managing Director, Northwest Quadrant Opportunity Fund LLC
    This presentation will show how investing in emerging markets, along with investing in other alternative asset classes and individual alternative assets, can substantially increase portfolio returns while reducing portfolio risk. There have been substantial changes to the investment climate that have come about as a result of the pandemic and various economic and social disruptions. Yet, fundamentally, the art and science of investment has not changed. We will look at some of the opportunities that have been created in this new investment environment and how we can invest to capitalize on these opportunities. Here are some of the topics which will be discussed:

    • What Are Emerging Markets
    • What Are Alternative Investments
    • Investing in Emerging Market Funds
    • The Wealth Creation Pyramid
    • Finding Investment Opportunities in Equity Crowdfunding
    • Investing in Emerging Market Government Debt
    • Generation of Cash Flow
    • Preservation of Capital
    • Asset Appreciation
    • Portfolio Diversification
    • High Overall Returns
    • Correlations with Other Asset Classes – Low Correlation, Non-correlated, Negative Correlation
  • Not All Emerging Market Strategies are Created Equal Recorded: Jul 7 2021 32 mins
    Peter Marber, CIO - Emerging Markets, Aperture Investors
    While many organization and individuals are interested in investing in emerging markets, most do not fully understand how various segments and strategies vary in the exposure they provide. Before committing to a strategy, it’s vital that investors do their due diligence to understand what their options are, how they differ, and which will deliver the exposure they think they're getting, as well as the optimal results. In this webinar, Peter Marber will clarify what various strategies really mean in order to enable a true risk/reward analysis on the part of EM investors.

    Presented by Peter Marber, CIO for Emerging Markets at Aperture Investors

    About Peter;

    Peter Marber is the Chief Investment Officer for Emerging Markets at Aperture Investors, leading the New World Opportunities strategy. For over 30 years, Peter has professionally invested billions of dollars for many of the world’s largest companies at firms including Loomis, Sayles & Company, HSBC, and Wasserstein & Co.

    Though a globally-recognized authority on emerging market economies, Peter landed on Wall Street not because of his love for financial markets, but rather due to his fascination with globalization. Peter studies how countries and their markets evolve to develop a deep understanding of emerging market dynamics. He passes along his curiosity, knowledge and passion as a professor at NYU, Johns Hopkins, Harvard, and Columbia, as well as through his writings on globalization, emerging markets, and higher education.

    Peter earned his B.A. at Johns Hopkins, his M.I.A. from Columbia, and his Ph.D from The University of Cambridge. He is an avid composer and guitarist and lives in New York City with his family.
  • Forecasting Future Emerging Markets Winners Recorded: Jul 6 2021 54 mins
    Tami Kesselman, Founder & Managing Partner, Aligned Investing Global
    Initially aptly named “Scaling: From BAD (Big Avoidable Disaster) to BEST (Begin Everything with Systems Thinking), today's talk will specifically focus on Emerging Market opportunities and risk factors that need to be taken into account as impact is taking on an ever-larger role in top investor diligence filters.

    Taught by Tami Kesselman, a pioneer and thought leader in impact investing, known internationally for her ability to identify business model risks often overlooked by others, this session will be an exclusive emerging markets version of one of her most popular Harvard Business School talks which is about to become a 7 week “Mini Impact MBA" online Exec Ed course! Based on her proprietary SMARTimpact™ heuristics diligence framework, the session delves into insights from analysis of more than three decades of for-profit, non-profit, government, and investor business models that seemed successful on the surface but had systemic flaws that should have been flagged from the beginning and ultimately led to underperformance or worse!

    In this 60-minute session, you will have an exclusive opportunity to learn some of the core principles covered in the HBS lecture as Tami teaches you the specific filter questions you need to include to de-risk your investments. She will show you how to find previously unidentified potential unintended consequences as you evaluate deals or structure your own. You will be able to put to these insights to work immediately to improve both financial and impact results. Whether you are an angel investor, VC/PE, entrepreneur, corporate sustainability executive or a foundation program officer, you will come away viewing diligence completely differently as Tami takes you through multiple case examples of good intentions gone wrong!
  • Investing in Emerging Markets: Trade Wars & China Recorded: Jul 6 2021 59 mins
    Alison Shimada, Wells Fargo | Jeremy Murden, Matthews Asia | Ryan Ross, BrightTALK
    At over 12 Trillion Dollars in GDP, China is the world’s 2nd largest economy. It is home to 8 of the top 20 tech giants, it is a leader in exports, and is second only to the US in exports.

    After years of unprecedented growth, china has begun to slow down. It is easy to point to the trade war with the US as the driver of this slowdown. But we need to look deeper.

    This webinar will provide the Institutional investors and financial advisers interested in emerging markets, with:

    An overview on China’s domestic policy in stimulating trade
    An analysis of the 3 veins of the trade war
    How to find opportunity in the market
    Filtering the signal versus the noise
  • Investing in Emerging Markets Without Investing in Emerging Markets Recorded: Jul 6 2021 59 mins
    James Whelan, Investment Manager, Head, Global Macro Fund, VFS Group
    The world is emerging from the Covid fog but the new question is not only “how much is already priced in to markets?” It is also “when things get back to normal who will gain the most?”

    The Emerging Market potential is enormous and the chances to profit are the same. However even if things go right for the Emerging Market economy the usual markets may not follow suit. James finds a way to turn the odds more in the investors favour by assessing what could go right, what could go wrong and what should benefit regardless.

    James will run through each major market’s pros and cons and look at the key funds to watch that will help investors gain the best outcome.
  • Hindsight is good, foresight is better: The Outlook for ETFs in 2021 Recorded: Jun 2 2021 64 mins
    Hector McNeil, Anthony Ginsberg, Chris Versace, Greg Taylor & Jane Edmondson
    With Bloomberg predicting thematic ETFs could reach $300 billion in 5 years[1], the outlook for ETFs is positive. Asset managers, banks and insurance companies are looking at ETFs as a serious strategic opportunity that will enable them to grow and meet the needs of modern investors.

    We’ll be joined by Hector McNeil, an ETF veteran and Co-CEO of Europe’s first white-label ETF provider, to discuss the growth of ETFs and what investors can expect to see in the near future.

    We will also be joined by North American asset managers from the cloud computing, healthcare innovation, online retail, digital infrastructure and medical cannabis sectors to discuss the growing adoption of ETFs and the outlook for their respective sectors.

    In this webinar we will explore:
    - The growth of ETFs in Europe
    - ETF liquidity
    - Thematic ETFs
    - Outlook

    Hector McNeil, Co-Founder and Co-CEO of HANetf
    Anthony Ginsberg, Managing Director, GinsGlobal Investment Management
    Chris Versace, Chief Investment Officer, Tematica Research
    Greg Taylor, Portfolio Manager, Purpose Investments
    Jane Edmondson, Co-Founder & Principal, EQM Indexes
  • Navigate the jungle of ESG ETFs: Building Robust Multi-Asset ESG Portfolios Recorded: Jun 2 2021 50 mins
    Pacome Breton, FRM, CAIA. Director Portfolio Research Nutmeg
    With ESG ETFs getting a significant share of the newly created ETF landscape, there is some pretty important differences among the different ETF providers that can be fairly difficult to navigate. With the addition of a much larger offer of Fixed Income ETFs, one can now build pretty robust and attractive diversified and Multi-Asset ETFs.

    Nutmeg has been a pioneer in ESG investing among digital wealth managers in Europe and has currently more than 25% of its asset and customers in ESG.
Actionable Insights for Investors
Insights for Investors

Embed in website or blog

Successfully added emails: 0
Remove all
  • Title: Multi Asset Investing in the “roaring 20’s” - low returns, higher risk?
  • Live at: Oct 29 2020 1:00 pm
  • Presented by: Ulf Füllgraf, Managing Director, Alpha-Centauri
  • From:
Your email has been sent.
or close