Future of investing
-
Upload
murray-priestley -
Category
Business
-
view
326 -
download
0
description
Transcript of Future of investing
![Page 1: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/1.jpg)
![Page 2: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/2.jpg)
Consider this…Consider this…
![Page 3: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/3.jpg)
40 years ago you could notbuy a Currency Futures Contract
![Page 4: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/4.jpg)
20 years ago CollateralizedDebt Obligations did not exist.
20 years ago CollateralizedDebt Obligations did not exist.
![Page 5: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/5.jpg)
2 years ago Subprime could bespoken about on Wall Street
![Page 6: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/6.jpg)
Things change.Things change.
![Page 7: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/7.jpg)
Fundamentals
#1 Failing
![Page 8: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/8.jpg)
serious panic.Economic data causes
![Page 9: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/9.jpg)
Equities drop to zero.
Equities drop to zero.
![Page 10: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/10.jpg)
![Page 11: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/11.jpg)
![Page 12: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/12.jpg)
![Page 13: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/13.jpg)
![Page 14: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/14.jpg)
Communication is global and
extremely fast.
![Page 15: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/15.jpg)
#2 Growing complexity
![Page 16: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/16.jpg)
Individual investors
are trading online.
![Page 17: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/17.jpg)
Information Overload
![Page 18: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/18.jpg)
#3 Disappearing Borders#3 Disappearing Borders
![Page 19: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/19.jpg)
Source: IMF
Global EconomicOutput in 2000
37%
![Page 20: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/20.jpg)
Source: IMF
Global EconomicOutput Today
45%
![Page 21: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/21.jpg)
Emerging markets havehad a growth explosion.
![Page 22: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/22.jpg)
Commodity markets are exploding.Commodity markets are exploding.
![Page 23: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/23.jpg)
#4 Greater Transparency
![Page 24: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/24.jpg)
Better software can helpinvestors visualise risk.
![Page 25: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/25.jpg)
Harry Markowitz Modern Portfolio Theory
![Page 26: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/26.jpg)
Banks are scared as they hold many custom over-the-counter assets.Banks are scared as they hold many custom over-the-counter assets.
![Page 27: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/27.jpg)
Don’t look to regulatorsDon’t look to regulators
![Page 28: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/28.jpg)
New financial products will be less arcane.
![Page 29: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/29.jpg)
#5 Lack of Education
![Page 30: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/30.jpg)
People think options are risky.People think options are risky.
![Page 31: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/31.jpg)
Managed futures are almost unknown.
![Page 32: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/32.jpg)
CISDM CTA Index
53%
Correlation is -0.08 to MSCI WorldCorrelation is -0.08 to MSCI World
MSCI World Index
42%
![Page 33: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/33.jpg)
Individual investors will be capable ofmanaging their own affairs.
![Page 34: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/34.jpg)
Death of the Mutual FundDeath of the Mutual Fund
![Page 35: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/35.jpg)
Mindset is70% of success.
Mindset is70% of success.
![Page 36: Future of investing](https://reader035.fdocuments.in/reader035/viewer/2022062513/5560faefd8b42a91388b4e68/html5/thumbnails/36.jpg)
Investment ManagementManaged AccountsMarket Neutral Specialists