Discretionary Dialogue 2018 Hong Kong

Date:
11 October, 2018
Time:
8:30am – 1:00pm
Venue:
Island Shangri-la Hotel, Hong Kong

2017 Discretionary Dialogue Photos

Overview

Join senior discretionary portfolio managers to discuss the portfolio allocations and product mixes of Asia’s private banks.

Agenda

8:30am – 9:00am Registration & Breakfast
9:00am – 9:05am Opening Comments
9:05am – 9:45am Panel Discussion 1 | Thematic wrappers in Asia
Growing macro uncertainty, driven by rising rates and political tensions, have softened investor risk appetite. But one area where long-only sentiment remains strong is thematic investments where long-term structural narratives have captivated clients. From a plethora of emerging technologies to a wholesale shift in global demographics, private banks are capitalising on demand for investing in the future. DPM has not been unaffected by the thematic boom in Asia and private banks have developed a range of mandates focused on expressing such views via active management.What are the new developments from leading private banks’ discretionary offerings, in terms of capabilities or mandates to implement thematic investment ideas? What specific themes have resonated particularly well with Asian clients, and why? How are private banks implementing such views, given a relatively limited product universe compared to traditional long-only exposures? How are structured products playing a role in this space?

Moderator:
Sebastian Enberg, Editor, Asian Private Banker

Conversation catalysts:
Daniel Chan, Managing Director, Head of Citi Investment Management, Asia, Citi Private Bank
Martin Todd, CFA, Lead Portfolio Manager – European ESG, Hermes Investment Management

9:45am – 10:25am Panel Discussion 2 | Growing diversity of passives in DPM
ETF growth in Asia’s discretionary mandates persists driven by the absolute growth of DPM assets but also by the growing diversity of ETFs, which are being used for implementation beyond the developed markets. From a range of smart beta exposures to fixed income ETFs, Asia’s discretionary managers are exploring new passive instruments for more cost-effective access or unconventional exposures.What strategies have private banks and wealth managers used for their DPM portfolios? Of which what are the switches from active funds to ETFs, and why? What new ETF exposures would they like to see for better portfolio implementation? What are the innovations in ETF and rule-based solutions that are being explored in the DPM and wealth space (including smart beta, quant and thematic strategies)?

Moderator:
Richard Otsuki, Deputy Editor & Head of Investment Coverage, Asian Private Banker

Conversation catalysts:
David Lai, Partner & Co-CIO, Premia Partners Co. Ltd.
Jean-Louis Nakamura, Chief Investment Officer, Asia Pacific, Lombard Odier Group
Steven Fong, Head of Portfolio Solutions, HK, Credit Suisse

10:25am – 10:45am Networking Coffee
10:45am – 11:25am Panel Discussion 3 | Factor-based DPM: Breaking correlations in 2018
The long-held belief about asset allocation and portfolio construction based on correlations between equities and bonds was once again challenged in 2018 by a myriad of risks which triggered bouts of volatility. Meanwhile, factor investing as a foundational framework for asset allocation is gaining prominence, particularly amongst institutional investors who are recognising the risks of solely relying on conventions to manage portfolios. Although the approach is far from achieving mainstream status amongst private clients in Asia, there are meaningful pockets of success stories from private banks and asset managers to garner interest and attract flows, with greater potential should markets continue to break historical correlations.How are private banks adopting factor investing practices within their platform, be it DPM or otherwise (e.g. single security selection, fund due diligence, general risk management)? What discretionary mandates are available in Asia, which are based on this framework, and how are portfolios built? How have private clients received this type of solution across various segments (e.g. country, family office/EAM, HNW/UHNW)? What is the potential for private banks and asset managers in Asia moving forward?

Moderator:
Richard Otsuki, Deputy Editor & Head of Investment Coverage, Asian Private Banker

Conversation catalysts:
Harmen Overdijk, Founding Partner, Capital Company
Jacky Tang, Head of Portfolio Management Group; Co-Head of Investment Strategy Group, Goldman Sachs
Jean-Louis Nakamura, Chief Investment Officer, Asia Pacific, Lombard Odier Group
Aidan Geysen, Head of Investment Strategy, Australia, Vanguard

11:25am – 11:40am Closing Comments
11:40am – 1:00pm Networking Luncheon

Partners

Enquiries

For further information, please contact: koye.s@asianprivatebanker.com
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