|Job title||Investment Specialist|
|Title||Euro Bond: is it the end?|
|Content||Amid the persistent low yielding environment investors continue to face the ongoing challenge of selecting where to generate yield from and how much risk they should take in the process. Certainly fixed income markets continue to offer attractive yield opportunities and high return potential, however these opportunities are predominantly focussed in the higher volatility sectors of the universe. Therefore whilst we advocate actively allocating to these sectors we also strongly advocate that investors also balance these risks with a core lower volatility fixed income allocation; investing into a core bond fund that behaves like a bond fund should behave. Specifically that when risk assets in the capital markets are under pressure, the core allocation provides capital protection characteristics to the overall allocation. |
Capital Group utilise a differentiated approach to the management of fixed income, drawing on one of the deepest and broadest research capabilities in combination with applying the Capital System to construct core fixed income solutions.
Jeremy Cunningham will provide an insight into our approach and show how we draw on the broad research capability of both equity and debt analysts to achieve superior risk adjusted returns, which is a primary benefit of the Capital System.
|Biog||Jeremy Cunningham is an investment specialist at Capital Group. He has 29 years of industry experience and joined Capital Group this year. Prior to joining Capital, Jeremy worked as head of EMEA fixed income business development at Alliance Bernstein. Before that he was head of product management at Schroders. Earlier in his career he was a fixed income portfolio manager at INVESCO, J.P. Morgan Fleming and Merrill Lynch. He holds the Chartered Financial Analyst® designation. Jeremy is based in London.|
|Job title||Fund Management Director|
|Company||Jupiter Asset Management|
|Title||Where next for Fixed Income?|
|Content||2016 has been an unsettled period for global bond markets. We live in a low-growth world, characterised by volatility and rising tail risks in the form of exogenous political shocks. Investors can expect further volatility and political uncertainty ahead, therefore it’s vital to remain alert to opportunities and continue to look at key economic indicators. In his session Ariel Bezalel, fund manager of the Jupiter Dynamic Bond fund, will discuss his team’s view on the current market environment and provide insight on his positioning strategy for the coming months.|
|Biog||Ariel Bezalel joined Jupiter in 1997. He is a Fund Management Director and currently manages the Jupiter Dynamic Bond SICAV. Ariel has been a member of the Fixed Interest & Multi-Asset Team since 1998 and a Fund Manager since 2000. He has a degree in Economics from Middlesex University.|
As a fixed income specialist with over 18 years’ experience in sovereign and credit markets Ariel blends credit experience with macro insight. He is supported by Harry Richards (Assistant Fund Manager), Katharine Dryer (Head of Investments, Fixed Interest & Multi-Asset) and a team of analysts.
|Job title||Senior Portfolio Manager|
|Title||Finding Long-lasting Growth in Exceptional US Companies|
|Content||In a slower growing world economy the AB American Growth Portfolio is focusing on high quality growth with an affinity for companies that consistently demonstrate persistent profitability with high reinvestment opportunities. In the presentation Ton Wijsman will discuss why every investor should own US stocks, how to find these exceptional growth companies, the in-depth process and the experienced team behind the award winning investment strategy.|
|Biog||Ton Wijsman is a Senior Portfolio Manager for US and Global focused equity services. Prior to joining AB in December 2013, he was managing director of W.P. Stewart Asset Management in Europe, which he joined in February 1997. Prior to that, Wijsman held various international management positions with Royal DSM from 1984 through 1996, including president of the sales and business development group in the US. He holds an MSc in pharmacy from the University of Utrecht.|
|Job title||Analyst / Portfolio Manager / Emerging Markets / Asia ex Japan Equities|
|Content||While there are signs of stabilisation in Emerging Markets, the world remains equally economically challenged due to record high levels of debt, low levels of interest rates and the notable absence of growth. At Comgest, our response to today’s challenging environment has remained the same as to any environment: a steadfast focus on identifying quality growth companies. We believe our ability to add value comes not from attempts to forecast complex and uncertain macro-economic outcomes, but instead through the consistent pursuit of a relatively small number of quality growth companies with clear long-term competitive advantages that steadily expand earnings per share, the primary driver for share price performance. |
Our focus on businesses with high barriers to entry and proven pricing power give us a natural bias away from deeply cyclical industries. Indeed, many of our companies are beneficiaries of secular trends in consumption but we also find strong candidates amongst infrastructure, industrial and select financial enterprises as well as other sectors including healthcare and technology. Such companies, when purchased below their intrinsic value and held for the long-term in a concentrated, high conviction portfolio, have produced above market returns with below market risk over the economic cycle. We expect this to continue.
|Biog||Emil Wolter joined Comgest in 2012 as an Analyst and Portfolio Manager covering Asian and Global Emerging Market equities. Initially working with Comgest’s Singapore team before moving to the firm’s Paris office, Emil has co-led the firm’s flagship Global Emerging Markets (GEM), Asia ex Japan and Asia Pacific ex Japan funds since 2014. Emil started his career in 1995, specialising in Asian and emerging markets equities since 1997, initially with Pictet Asset Management in London. He went on to head the emerging markets team at Polar Capital Partners in both London and Singapore. Based in Singapore, he was a Managing Director responsible for regional equity strategy at Royal Bank of Scotland and later held the same role at Macquarie Securities. He graduated from the University of London with a Bachelor of Science in Financial Economics.|
|Job title||Portfolio Specialist Fixed Income|
|Company||T Rowe Price|
|Title||Global Unconstrained Bond Fund – Time to Rethink Fixed Income?|
|Content||In a world of sub-zero interest rates and compressed credit spreads, allocating to fixed income is proving challenging. How should we choose which bond assets to hold, and which ones to avoid? Can we still rely on fixed income to be an income generating tool and an efficient diversification asset against equities? Stephane Fertat will discuss T. Rowe Price’s approach to fixed income markets and why constructing a global bond portfolio with the traditional qualities of fixed income still makes sense for investors.|
|Biog||Stephane Fertat is a fixed income portfolio specialist for T. Rowe Price. He is a member of the Global Fixed Income team, supporting all global/international fixed income strategies. He represents the portfolio management team, presenting strategies as well as market outlooks in meetings and conferences. Mr. Fertat has broad knowledge of fixed income, currency, credit and derivative instruments – leading him to assist in the development of customized fixed income solutions – and he has helped launch a number of new strategies since joining the firm in 2007. Mr. Fertat is a vice president of T. Rowe Price Group, Inc. and T. Rowe Price International Ltd. He has 18 years of investment experience, eight of which have been at T. Rowe Price. Mr. Fertat holds a master’s degree in finance from Ecole Superieure de Commerce de Paris (ESCP-EAP) and has earned the Chartered Financial Analyst designation.|
|Job title||Portfolio Manager|
|Company||Henderson Global Investors|
|Title||High yield: why Europe, why now?|
|Content||The European high yield bond market has returned almost 8% over the first nine months of 2016. Conditions remain favourable, with the Henderson Global credit team continuing to see value in this segment of the credit market. In this presentation, Thomas Ross, Portfolio Manager at Henderson Global Investors, discusses recent market movements in the credit markets and presents compelling arguments as to why to invest in European high yield bonds. The presentation covers; the drivers of performance of the European high yield markets and of the Henderson Horizon Euro High Yield Bond Fund, The effect of central bank corporate bond buying on high yield bonds and why the Henderson Credit Team believes there is room for further spread compression.|
|Biog||Tom Ross joined Henderson in 2002 and has been co-managing Henderson's absolute return credit funds since 2006. In August 2015 he was appointed co-manager of a number of European and global bond funds. Prior to fund management, Tom specialised in credit trading on Henderson's centralised dealing desk where he was able to build strong relationships with market participants in order to gain flow and positioning information to supplement credit views. Tom graduated from Nottingham University with a BSc (Hons) in Biology and is a CFA charterholder.|