TUESDAY, MARCH 10TH, 2020: DAY ONE – ANTICIPATING AND MANAGING RISK
Tuesday, March 10th, 2020
Public market instruments in EM are often holdings of large family offices or conglomerates that have cross holdings. In such cases it is best to think holistically and maintain alignment with their interests and priorities. Ken Monahan of Greenwich Associates brings you specific strategies for family offices that he learned during his 12-year tenure managing equities at major banks, addressing market structure issues in emerging markets, and orchestrating the first trades on DIFX in Dubai.
•Minimize the risk of being squeezed out
•Beware of being put into bankruptcy over co-ownership of a debt instrument when their interests are not aligned with yours
•Hedge your stances when there is not perfect transparency and disclosure
Should EM portfolio managers make active decisions? Most do, but passive is on the rise. Proper due diligence can reveal how well each style performs – and that’s more important now than ever, since there is more retail money going into ETFs than into mutual funds. You can learn all this and more from Eric Pollackov, Global Head of ETF Capital Markets at Invesco, since he has specialized in ETFs since 1999, implementing capital markets strategies and developing and measuring the success of client business plans.
• Construct a passive blending strategy
• Specify what distinguishes a good active manager
• Determine the processes and philosophies most important for ETFs
WEDNESDAY, MARCH 11TH, 2020: DAY TWO – EMERGING MARKET SELECTION AND OUTLOOK
Wednesday, March 11th, 2020
Frontier markets are typically not covered in EM local indices and require an entirely different strategy. They may be easier to trade, but you must take into account many issues of logistics and execution.
•Prepare for challenges in foreign exchange conversion
•Build a deep bench of knowledge to extract value
•Anticipate challenges with foreign currency conversion