For someone aged 65 with average life expectancy a bond fund isn’t enough to ensure portfolio durability. Over that term the biggest risk is inflation risk and it’s harder for nominal bonds to keep pace with inflation. Inflation-linked bonds bring in high interest rate sensitivity (duration). Whilst higher yields now make for a more interesting entry point, there’s plenty of solid yield available in high quality low cost index bond funds.
But to navigate the changing outlook within the bond market a managed bond fund should also be considered as a one stop diversified managed bond portfolio. Most retirees will need a multi-asset retirement portfolio to last the course. Bonds alone are not enough. Read the quote in Trustnet [5 min read, open as pdf]
Henry Cobbe explores the challenges of building portfolios for retirement and also sizing "right" allocation to UK Equities.
Read the article / access the podcast Key findings, and what advisers and policy owners should do next
Watch the replay of this CISI-endorsed CPD webinar Elston Portfolio Management, the MPS provider which uses research, analytics and insights from Elston Consulting is now available to advisers using the Parmenion platform.
Read the full article here Momentum does not care about sectors, themes, or valuations. In this article for ETF Stream, Hoshang Daroga explores the Momentum factor.
Whilst the original Fama & French research isolated 3 factors (Market risk (Beta), Size and Value) that were found to be persistent drivers of returns, research has since evolved to look at other factors such as Quality, Yield, Momentum and Minimum Volatility. Read in full Our head of fund research, Jackie Qiao, shares her desert island fund picks with Citywire.
Read in full Removing look-through fee reporting for all products in a fund of funds would make it harder to understand the fee-drag on an investment.
Read the full article in Citywire Following the publication of the FCA TR24/1 Thematic Review on Retirement Income Advice, there's renewed focus on Retirement solutions. That's great news - we've been focused on Retirement Investing since 2012 and led our #RethinkingRetirement campaign in 2015. We continue to innovate for our clients - the Advisers we support.
In June, we are running a series of webinars focused on retirement investing. More details are below. For UK Advisers: to sort your CRP and find out about the Elston Portfolio Management Retirement Income MPS launched >3 years ago in March 2021, please arrange for a consultation. CPD Webinars on Retirement Income Advice & Solutions 1. Wed 5-Jun-24 1030am: FCA Thematic Review on Retirement Income Advice Key findings, and what advisers and policy owners should do next 2. Wed 12-Jun-24 1030am:"Flex first, fix later": exploring the future of retirement income with Sir Steve Webb An annuity too early could be poor value. 3. Wed 19-Jun-24 1030am: Assessing suitability in retirement Different challenge, different questions. 4. Wed 26-Jun-24 1030am: Retirement Investing (Introduction) Different objectives and different risks requires a different approach. 5. Read our research and Insights on Retirement Investing going back to... 2012! Times above or register to access replay. All webinars are 1h CISI endorsed CPD (1.5h CPD with online test) [5 min read, as pdf]
The purpose of including alternatives in a portfolio, is for one reason: diversification. But how can we be sure alternatives are doing their job?
Read the full article in FT Adviser or watch the CISI-endorsed CPD webinar Our 2q24 Outlook "Path to recovery": takes stock of the markets as asset prices recover. Our full Outlook is avilable to our adviser clients.
Watch the Webinar The long-awaited FCA thematic review of retirement income advice has finally been published, and Dear CEO letters sent. What are the key findings and what should adviser firms be putting in place to improve their proposition?
Read the full article on FT Adviser |
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