Discretionary Dialogue 2018 Singapore
This event is free to attend and qualifies for CPT/CPD points.
2017 Discretionary Dialogue Photos
|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?
|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)?
|10:25am – 10:45am||Networking Coffee|
|10:45am – 11:25am||Panel Discussion 3 | Downside protection in an uncertain market
Downside risks are increasingly weighing on investors’ minds, despite robust fundamentals that indicate an outlook that speaks otherwise. The cost of insuring portfolios is climbing. The adoption of liquid alternatives is growing but at a limited rate. Traditional assumptions about the various correlations, such as the negative relationship between stocks and bonds, are being challenged. Asian clients are well-known for poor drawdown tolerance which could lead to untimely outflows and difficult reengagement in the future.
How are discretionary managers currently managing downside risks? What instruments have they found to be effective for volatility control for various asset classes? How are private banks guiding Asian clients through the recent bout of volatility? How are clients receiving such communications?
|11:25am – 11:40am||Closing Comments|
|11:40am – 1:00pm||Networking Luncheon|