London Programme & Venue
52 Chiswell Street
Nearest Tubes: Barbican and Moorgate
08:30 - 09:00 Registration and coffee
09:00 - 09:10 Welcome and introduction - Julian Marr, Editor, Professional Adviser
09:10 - 09:35 Keynote address: The art of fund selection - How to select the most appropriate fund for your client's portfolio. Peter Toogood & Gill Hutchison, The Adviser Centre
09:35 - 10:00 Miton
David Jane, Fund Manager Miton Multi Asset Team and Anthony Rayner, Fund Manager Miton Multi Asset Team
Fund: MI Miton Cautious Monthly Income Fund
Where in the world are we finding income?
Outcome driven fund managers David Jane and Anthony Rayner will discuss how they go about constructing a portfolio that delivers a high and growing level of income with a strong focus on capital preservation.
In particular they will discuss:
• risk and portfolio construction: real world risks, not models
• the current state of global economies and markets
• how this guides their use of various asset classes and geographies in the portfolio: how to generate income when bonds are falling
10:00 - 10:25 Goldman Sachs Asset Management
Behavioural finance in a multi-asset context
The field of behavioural finance explores psychological and cognitive biases as to why people tend to make irrational investment decisions, such as ‘loss aversion' and ‘home bias'. These decisions can often be detractors to investment performance over the long term. Jihad Younan and David Copsey, on the Multi-Asset Team within GSAM, will highlight some of these biases and share their views on how a globally diversified, dynamic and risk-managed multi-asset fund can help mitigate the resulting pitfalls in some instances, while generating additional returns in others. The session will also seek to illustrate how behavioural finance plays a role in managing the desired outcome of our multi-asset funds.
10:25 - 10:40 Q&A with Miton & GSAM, chaired by Julian Marr
10:40 - 10:55 Coffee & networking
10:55 - 11:20 HSBC Global Asset Management
11:20 - 11:45 Orbis
11:45 - 12:10 Baillie Gifford
Iain McCombie, Partner and Fund Manager
Fund: Baillie Gifford Managed
Baillie Gifford Managed Fund - Fashion Changes, Style Remains
Now celebrating its thirtieth anniversary, the Baillie Gifford Managed Fund balances equity exposure with bonds and cash aiming to provide above average returns through carefully managed diversification. In an ever more complex world (especially where financial instruments are concerned) we think simplicity is key. This long-term, patient, bottom up stock picking style is a proven approach that rises above passing trends elegantly combining the best ideas of our regional teams with a blend of our fixed income picks. An ongoing charge figure of 0.44% on the clean share class completes the stylish ensemble. Not sure what the dress code is in an uncertain world? You might want to leave those funky names in the wardrobe and stick to the classic that is the Baillie Gifford Managed Fund. It is one fund your clients are unlikely to look back on with embarrassment.
This session will explain how the Baillie Gifford Managed Fund is differentiated from its peers, using examples to highlight the exciting opportunities for bottom up, growth investors.
12:10 - 12:30 Q&A with HSBC, Orbis & Baillie Gifford, chaired by Julian Marr
12:30 - 13:30 Networking buffet lunch