Long-term Investing with the Ebb and Flow of Low Returns
The ABFER/CAMRI Industry Panel and Roundtable
The ebb and flow of asset values post the GFC has been staggering. Long-term investing and asset allocation have become a challenge and more complex as interest rates in many geographies have been driven to zero and the signs ahead are uncertain at best. The global energy and commodities markets are faced with grim prospects, the global currency imbalances have added to the shaky equilibrium, and government, corporate and private debt levels are also surging.
- What lies ahead in the middle- to longer-term investment horizon?
- Does the current market malaise open up new opportunities, particularly in the infrastructure funding and investments space?
- What are the prospects for capital markets? When will stability and liquidity return to the financial markets?
A panel of top investment experts from across the various asset classes and regions will address these and many more of your questions, and shed some light on the path, headwinds and prospects ahead, along with a multi-business cycle discussion on investments, asset allocation, long term capital (including infrastructure), bonds, and liquidity from the perspective of institutional investors.
2016
Panelists and Chair
Keynote Speaker
Fissures in the Global Financial System
This talk will discuss fissures in the existing global financial system against a backdrop of adverse demographic trends, signs of slowing productivity, rising populism in many advanced countries, a tapering off of the Chinese debt supercycle, and re-emergence of fissures in the European Union. Structural problems in the global financial system include an excessive reliance on debt finance, the outsized role of the US dollar and US Federal Reserve Policy, and the zero bound on global interest rates. What are vulnerabilities and risks in the current system, and how might it be reshaped to reduce them?
