IPE Awards Seminar: Market concentration to boost smart beta – TOBAM

first_img“The cap-weighted benchmark has never been as concentrated as it is today,” he said.In emerging markets, for example, there is a huge concentration towards financials and a second concentration towards materials and energy, he said.He questioned whether the current market therefore represented emerging markets, with financials on the one side and energy and materials on the other.With the MSCI up 31% in the year to date, Choueifaty said markets were doing well.But his firm’s smart-beta strategy will systematically increase eventual returns, he claimed, unless a highly improbable scenario occurred under which markets became fully concentrated.“It is very important to understand that, when you buy the benchmark, you are in fact saying concentration is going to increase,” he said.“Otherwise, why would you put so much money in such a low number of risk drivers like financials and energy and materials only?”Choueifaty and other panellists at the seminar on smart-beta strategies – all from asset management firms that have pioneered such methods – said they were unafraid of the business consequences of having published their formulae.“When a client understands and agrees with your methodology, he will always go with the original and not a copy,” Choueifaty said.François Millet, head of index and quantitative fund development at Lyxor, said allowing the public access to the formula did not equate to giving away the firm’s secret sauce.“Of course, we give away all of the formula, but we also have a lot of applied research – for example, how you calibrate the parameters of your portfolio, […] how you address liquidity,” he said.“There is a lot of added value no matter what we give away regarding the calculation of strategies.”Jeff Wilson, head of institutional relations at smart-beta firm Research Affiliates, said that, 10 years ago, when the firm did its research, it specifically published in order to have the material vetted by the academic community.“Our model is out there – the understanding of why the method works has given investors a lot of confidence to go with one of the pioneers rather than try to go with a new entrant into the market,” he said. Smart-beta strategies are set to give investors higher relative returns in the next few years because market-cap weighted benchmarks have now become so concentrated, according to one of the sector’s key players.Yves Choueifaty, president and chief executive of asset management firm TOBAM, told IPE: “I am sure in the coming years we are going to increase the return by a lot more than that [3%] because the markets are extremely concentrated.”The term smart beta is used to label investment techniques that use rules-based strategies rather than market-cap weighted benchmarks.After a seminar at the IPE Awards in Noordwijk, Choueifaty said that, in the past, TOBAM, with its “anti-benchmark” strategy, had been able increase the return over the market by 3% a year.last_img read more

QLD leads nation as expert urges more people to get rich slow

first_img 1. Sunshine Coast QLD He said most people did not shop, work or school in the Queensland capital’s CBD and outliers were increasingly important.“This is a very good time for people to be getting into the market compared to 12 months ago when things were flat. Twelve months later, we start the year with a whole new ballgame, people are a lot more confident, there’s evidence of markets rising, tax cuts are being put into the system, it’s easier to get loans, the whole atmosphere has changed.”The report found that over $20 billion in major infrastructure projects and private investment were recently completed, under construction or in the planning pipeline in the Sunshine Coast area, while work on the new 53ha Maroochydore CBD was underway.It said the Moreton Bay region was one of the highest-growth LGAs in Australia, because of high levels of infrastructure spending and attractive housing affordability.“This is attracting interstate migrants, first-home buyers and investors to the area, driving strong demand for housing.” National Top 10 Best Buys 2020: How to push through Brisbane’s goat’s cheese curtain 2. Badgerys Creek Precinct NSW3. City of Marion SA4. Bendigo VIC 5. Moreton Bay Region QLD More from newsParks and wildlife the new lust-haves post coronavirus10 hours agoNoosa’s best beachfront penthouse is about to hit the market10 hours ago“The Sunshine Coast came out on top. Property markets arise out of what’s happening in the local economy. There are extraordinary things happening on the ground,” he said.Prices ranged from up-market Noosa and Sunshine Beach to cheaper areas like Nambour, which were also on the train line.” Mr “The other option for younger buyers starting out in their 20-somethings was apartments at Mooloolaba, Maroochydore, and Caloundra. It’s very much gentrified in recent years.”Mr Ryder said Moreton Bay LGA was a very affordable lifestyle precinct, with a rail link and “good basic infrastructure”.“The game changer for that is the university campus, the Brisbane campus being in Petrie and it’s pretty much finished stage 1 for the 2020 university year. So when you’ve got a university campus coming into your area, it creates so much demand for rentals from students. It’s that extra element coming in to the market. It’s got what we call good real estate bones.” Stunning waterways in the top end of the Sunshine Coast region at Noosa North Shore.It beat the likes of Badgerys Creek Creek in western Sydney, where the NSW’s capital’s second international airport was planned, and was also ahead of Marion in South Australia, a place which has emerged as Australia’s tech capital.Brisbane’s Moreton Bay council region also made the top 10 cut, listed in fifth place nationally as one of the best places to buy this year for future capital growth.Report author Terry Ryder of Hotspotting said the locations were the “top places for good buying in 2020 for future growth, taking a medium (three to five years) to long term view (10 years plus)”.Mr Ryder said buys like those were good for “sensible investors” who accumulate rather than buy and sell all the time. MORE: Coast units high on investor demand listcenter_img 20-75 Noosa River Drive, Noosa North Shore, is 24.69ha of residential Land that’s on the market for $2.95m.“They buy good properties and just hold on to them. That’s the secret to creating wealth. The most successful investors are those who just build their portfolio and keep adding to it, that’s the way to create substantial wealth in property investment.”Mr Ryder said “if you’re 95 years old perhaps that’s too late”, but those in their 20s would be able to retire at 50 with such a portfolio. It’s never too late. We’re living longer than before.” The stunning Mooloolaba Beach attracts holiday makers and new residents alike. Picture: John McCutcheon/Sunshine Coast Daily.A Queensland location has been named the best place in Australia to buy property to get rich slow, a strategy more investors are considering now that money is cheap.The National Top 10 Best Buys 2020 report named the Sunshine Coast as the best place in the country for capital gains wins for medium to long term investors. FOLLOW SOPHIE FOSTER ON TWITTER Video Player is loading.Play VideoPlayNext playlist itemMuteCurrent Time 0:00/Duration 0:58Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:58 Playback Rate1xChaptersChaptersDescriptionsdescriptions off, selectedCaptionscaptions settings, opens captions settings dialogcaptions off, selectedQuality Levels720p720pHD432p432p216p216p180p180pAutoA, selectedAudio Tracken (Main), selectedFullscreenThis is a modal window.Beginning of dialog window. Escape will cancel and close the window.TextColorWhiteBlackRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentBackgroundColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyOpaqueSemi-TransparentTransparentWindowColorBlackWhiteRedGreenBlueYellowMagentaCyanTransparencyTransparentSemi-TransparentOpaqueFont Size50%75%100%125%150%175%200%300%400%Text Edge StyleNoneRaisedDepressedUniformDropshadowFont FamilyProportional Sans-SerifMonospace Sans-SerifProportional SerifMonospace SerifCasualScriptSmall CapsReset restore all settings to the default valuesDoneClose Modal DialogEnd of dialog window.This is a modal window. This modal can be closed by pressing the Escape key or activating the close button.Close Modal DialogThis is a modal window. This modal can be closed by pressing the Escape key or activating the close button.PlayMuteCurrent Time 0:00/Duration 0:00Loaded: 0%Stream Type LIVESeek to live, currently playing liveLIVERemaining Time -0:00 Playback Rate1xFullscreenHow much do I need to retire?00:58 6. Darebin LGA VIC7. Gungahlin District ACT8. City of Stirling WA9. City of Port Adelaide Enfield SA10. Orange NSW (Source: Hotspotting) Rise of downsizer market challenges first home buyerslast_img read more

OA Boys Basketball Schedule Update

first_imgThe Oldenburg Academy Boys basketball game (2-9) at Triton Central has been moved to (2/7) at Banker’s Life Fieldhouse as part of the Hoosier Invitational! This showcase will feature 8 SE Indiana teams competing throughout the day. OA will open the day as the road team vs Triton Central at 2:15 PM. Games following will feature Indian Creek and Edinburgh, East Central and Columbus North, and New Palestine and Mooresville.Discounted tickets are available through the OA Athletics office. Contact AD Nathan Dilts (812-934-4440 x. 228, ndilts@oldenburgacademy.org) to purchase. Adult tickets will be $12, while students age 12 and Under will be $8. Tickets will also be available at the door for the increased rate of $14 per ticket.Come out and support the OA Boys Basketball team as they participate in what is sure to be a fun and fantastic day of Southeast Indiana Basketball!Courtesy of Twisters Coach Ace Moorman and AD Nathan Dilts.last_img read more

Applications accepted for Capitol Police offciers

first_imgIndianapolis, In. — The Capitol Police Section of the Indiana State Police is accepting applications for the 29th selection process.Applicants must be at least 21-years-old, a U.S. citizen, meet minimum vision standards, have a high school diploma or equivalent and a valid driver’s license. Applications must be received by Sunday, November 12. Apply online here.The starting salary for a Capitol Police Section Probationary Officer is $39,292.00 a year.  The Indiana State Police Capitol Police Section also offers an excellent health care plan, which includes medical, dental, vision, and pharmacy coverage for both current and retired employees along with their families.  The State maintains short-term and long-term disability plans for full time employees after six (6) months of continuous employment.  As an Indiana State Police Capitol Police Officer, you are automatically enrolled in the Public Employees Retirement Fund.  The State will contribute to your retirement account.last_img read more

Walk Ons

first_imgTwo former walk-ons are doing quite well for their respective teams.  Zach McRoberts of IU transferred to IU as a walk-on.  He played his high school ball at Carmel and was an Indiana All-Star.  He originally went to Vermont University.  The junior has become an integral part of IU’s resurgence in recent weeks.Another walk-on is doing quite well at North Carolina.  He is Luke Maye.  He was forced to walk-on at North Carolina because there were no scholarships available when he graduated from high school.  He had other scholarships offers, but he preferred North Carolina so he walked-on there.  He is now the Tar Heels leading scorer.Some players either by mistakes on their part or on the universities part turn out to be valuable assets at the university level.  Some of this information came from the Indianapolis Star.last_img read more

West Brom faces competition for Osayi-Samuel

first_imgRelatedPosts EPL: Everton set to compound West Brom woes Branislav Ivanovic joins West Brom EPL: Newcastle hammer West Ham away West Bromwich Albion face competition for the signing of QPR winger Bright Osayi-Samuel.Reports have suggested that Albion boss Slaven Bilic is keen to take Osayi-Samuel to The Hawthorns. But London Football News understand that several other clubs are also interested in the player.Sources close to Rangers suggest that a number of enquiries have been made about Osayi-Samuel, who has impressed in the Championship this season.His contract at Loftus Road was due to expire this summer but QPR have activated a clause to extend the deal by a further 12 months.The club are keen for Osayi-Samuel to sign a long-term contract but it remains to be seen whether he is willing to commit his future to the R’s.QPR will hold out for as much money as possible if clubs make a move for Osayi-Samuel when the transfer window re-opens. First-team coach Neil Banfield recently told West London Sport that it is inevitable the likes of Osayi-Samuel, Ebere Eze and Ilias Chair will move on if big offers come in.“We’d love to get promoted and play with Ebs, Ilias and Brighty, but I think you’ve got to be realistic,” Banfield said.“The real world is that if a club comes in now with loads of money then those lads have got to go. It’s just a fact of life.“If the offers come in of £20m and £20m-plus, I don’t think there would be many clubs that could turn that down.”Tags: Bright Osayi-SamuelPlayer TransferQueen’s Park RangersWest Bromwich Albionlast_img read more

Benteke brace seals win

first_imgChristian Benteke’s brace inspired Aston Villa to a vital 3-2 victory over lacklustre Everton. The red hot striker scored his ninth and 10th goals in eight games to ease Villa to a crucial win and maintain their cushion over the drop zone. Tom Cleverley added a third just after Romelu Lukaku’s penalty gave Everton hope of a comeback. N’Zogbia then tested Tim Howard with a low 35-yard free kick as Villa chased a second. They stifled Everton with Lukaku and Aaron Lennon anonymous while Jack Grealish and N’Zogbia remained a threat behind Benteke. And Grealish almost teed up Ron Vlaar for a second on 29 minutes but the defender headed his corner wide. Given, ending a 980-day wait for a top flight game, had little to do with Villa cruising. And they doubled their lead in first half stoppage time when Vlaar missed Grealish’s corner but Benteke arrived unmarked at the far post to slam in his 13th goal of the season. It was shocking marking from the Toffees but the breathing space Villa needed – and deserved – ahead of the break. So poor in the first half, Everton demonstrated their threat after the re-start and Given turned Lukaku’s low effort wide. But there seemed little way back for Roberto Martinez’s side until they were handed a lifeline on 59 minutes. Villa failed to clear after Lukaku’s run and Vlaar produced a clumsy tackle on Naismith for a penalty. Lukaku calmly rolled in the spot kick for his 19th of the season to increase Villa’s nerves. But the hosts regained their two-goal advantage just six minutes later when Leandro Bacuna’s precise through ball sent Cleverley clear and he fired high past Howard. Gareth Barry and substitute Leon Osman fired straight at Given in reply but Villa had regained their composure. Yet they were left to sweat in injury time when Given, under pressure, could only punch the ball against the bar and Jagielka headed in the rebound. Phil Jagielka pulled a goal back in injury time but Villa hung on for just their fourth home league win of the season. The hosts deserved their victory against the poor Toffees, who rarely showed the form which had seen them win five of their last six league games. Villa are two points above the Barclays Premier League bottom three but are now, importantly, above free-falling Newcastle on goal difference in 14th. Shay Given made his first top flight start since August 2012 – when he played against Everton – after Brad Guzan was dropped following a shaky performance in the defeat at Manchester City. Charles N’Zogbia also replaced Carlos Sanchez while Everton brought in Kevin Mirallas and Steven Naismith. The Toffees were one of the form teams in the Premier League, having beaten Manchester United 3-0 last week, but Villa’s start made a mockery of their recent results. The tenacious hosts looked to cut through Everton early and grabbed a deserved lead after just 10 minutes. Benteke had threatened already, glancing a header wide, but this time he made it count when he powered in from Fabian Delph’s wonderful cross. Press Associationlast_img read more

Cricket News Pakistan Playing Matches In UAE Not An Option Anymore: Cricket Board CEO

first_img For all the Latest Sports News News, Cricket News News, Download News Nation Android and iOS Mobile Apps. New Delhi: The Pakistan Cricket Team have endured a torrid decade ever since the terror attack on the Sri Lanka team in March 2009 stopped international tours to the country. Many international teams have refused to tour the country and Pakistan were forced to play their ‘home’ series in the United Arab Emirates. However, in the interim, some teams did tour the country. Zimbabwe ended Pakistan’s international isolation when they toured for three ODIs in 2015 and this was followed by tours by the ICC World XI, the West Indies team, Sri Lanka in 2017. Now, the Sri Lankan cricket team will play three ODIs and three T20Is after much deliberation over the security of the country. Looking at the situation, Pakistan Cricket Board CEO Wasim Khan has said playing matches in the UAE is’not an option’ anymore as they look to cut down on costs and capitalise on the improving security situation at home. “It costs us a lot of money hosting there. Frankly speaking the security situation has improved in Pakistan and security experts have also assessed that we are in a position to manage security risks while hosting teams in the country,” PCB CEO Wasim Khan said, adding that Pakistan had not paid any money to the Sri Lankan team to tour the country. Also Read | Kamran Akmal, Pakistan Wicketkeeper Is Better Than Adam Gilchrist – Here Is Statistical ProofPakistan has expressed interest to Sri Lanka and Bangladesh to play Test matches in the World Test Championship against them at home and not in a neutral venue. However, in the case of India, the PCB CEO wanted the resumption of bilateral ties and also proposed that matches between India and Pakistan can take place in a neutral venue. Also Read | Misbah-ul-Haq Highlights Key Factors Behind Pakistan Team Selection For Sri Lanka Series”If they also express the desire to play against us we would be willing to even play at a neutral venue as it is important that India and Pakistan play cricket. Cricket is a great way of bringing people together and cricket should remain cricket. We will play with India. I will be happy to explore possibilities of playing them,” Wasim Khan said. The first match of the series against Sri Lanka will begin on September 27 and it will three ODIs at the National Stadium in Karachi. The ODI series will be followed by an three-match Twenty20 International series which will take place in Lahore. last_img read more

Tamim, Shakib leave Zimbabwe team facing tri-nation exit

first_imgTAMIM Iqbal and Shakib Al Hasan maintained their fine form as Bangladesh eased to a 91-run victory which leaves Zimbabwe facing a tri-nation series exit.The Tigers, already guaranteed a place in the final on Saturday, exploited Zimbabwe’s batting frailties in Dhaka yesterday, bowling them out for only 125 in reply to 216-9.Tamim made his third successive half-century on a tricky surface, top-scoring with 76 and putting on 106 for the second wicket with Shakib (51) but Graeme Cremer (4-32) and Kyle Jarvis (3-42) did the damage as the hosts collapsed to 170-8.Sunzamul Islam and Mustafizur Rahman took Bangladesh over 200 and Zimbabwe, really needing a win in their final round-robin match to deny Sri Lanka a place in the final, never looked like chasing down their victory target.Shakib (3-34) took his tally of wickets in the tournament to nine after making a second half-century, while Mashrafe Mortaza, Sunzamul and Mustafizur took two wickets apiece as Zimbabwe’s shortcomings were exposed.Sikandar Raza made 39 and Cremer 23 after reaching the 100 ODI wicket-mark, but Bangladesh eased to a bonus-point victory to maintain their 100 per cent record and Zimbabwe dropped below Sri Lanka on net run-rate.Sri Lanka and Bangladesh meet in the last round-robin match tomorrow..last_img read more

Gabriela Knutson falls one spot to No. 5 in latest rankings

first_imgAfter going 1-1 this weekend, Gabriela Knutson fell one spot to No. 5 in the latest Intercollegiate Tennis Association tennis rankings. Knutson opened the weekend against Duke’s then-No. 5 Samantha Harris. The SU junior opened the match on Friday by winning eight straight games, but she could maintain early success. After a second set defeat, Knutson was swept in the third set in a 6-0, 4-6, 0-6 loss.On Sunday, Knutson made light work of Notre Dame’s Allison Miller in a 6-3, 6-2 win at Drumlins Country Club. Of Knutson’s three losses this season, all of them are currently ranked top four in the nation.The pairing of Knutson and Ramirez jumped two spots to No. 11 after two victories this week. Versus Duke Knutson and Ramirez defeated then-No. 8 Ellyse Hamlin and Kaitlyn McCarthy, 6-2. Two days later, the SU duo won in first doubles against Notre Dame, 6-4.Syracuse moved up one spot to No. 27 this week, its second-highest mark of the season. Against then-No. 4 Duke, the Orange squandered an early lead to the Blue Devils and lost 4-2. After the loss, SU recovered in a dominant 4-0 win against UND to end its three-match losing streak.Syracuse will close out its season on Sunday when it takes on No. 33 North Carolina State in Raleigh.AdvertisementThis is placeholder text Comments Published on April 17, 2018 at 2:06 pm Contact KJ: kjedelma@syr.edu | @KJEdelman Facebook Twitter Google+last_img read more