NZ's leading investment research house, supplying analysis to authorised financial advisers and fund managers since 1987.
Everyone is a Volatility Trader - 7 July 2017
Imagine that you know absolutely nothing about the financial world but you are an expert on analysing data. You are given return streams for the last 100 years on all the different asset classes and investment strategies: equities, fixed income, real estate, commodities, hedge fund strategies, et cetera. As you examine the data from all these return streams and how they behave, you are fascinated by the realization that all assets fall into just two groups: those with a “short volatility profi... Read More
Cognitive biases that can lead to investment mistakes - 4 July 2017
To be a successful investor over the long term, we believe it is critical to understand, and hopefully overcome, common human cognitive or psychological biases that often lead to poor decisions and investment mistakes. Cognitive biases are ‘hard wired’ and we are all liable to take shortcuts, oversimplify complex decisions and be overconfident in our decision-making process. Understanding our cognitive biases can lead to better decision making, which is fundamental, in our view, to lowering... Read More
Adaptation and flexible spaces will be pivotal in successful real estate design and management in the next decade, driven by changes in the way people shop, work and socialise. This paper outlines the most significant social trends that we believe will shape global listed real estate over the next five years along with the investment implications for each. Read More