News and Resources

To assist advisers stay up to date with market and product news that might impact on your client portfolios, we are pleased to provide a range of different papers and presentations covering a wide variety of useful topics.

We will let you know when a new paper has been added to the site. We also encourage our members to send us papers that they believe will be of value to the AGBA network. Please get in touch if you have a paper you would like us to consider.

Please note these articles are available free of charge. For a more extensive library of resources, please consider registering as an AGBA member. More information regarding membership options can be found here. 

Winston Capital Guide to Alternative Beta - Improving Portfolio Outcomes

March 7 2018

Advisers have long known what traditional beta is when it comes to equities, bonds and credit, and that is, the return generated by being exposed...

Deconstructing the Lo-Vol Anomaly

March 7 2018

We study several aspects of the so-called low-vol and low-β anomalies. CFM's most significant message is that the low-vol anomaly is the result of two...

The Excess Returns of "Quality" Stocks: A Behavioural Anomaly

March 7 2018

This note investigates the causes of the quality anomaly, which is one of the strongest and most scalable anomalies in equity markets. CFM explore two...

Long Only Smart Beta & Equity Market Neutral Alternative Beta

March 7 2018

"Smart Beta" and "Alternative Beta" strategies provide investors with similar solutions. However, in spite of the obvious commonalities, the two actually differ in many respects,...

Allocating Alternative Beta to Traditional Benchmark Strategies

March 7 2018

The CFM alternative beta program is designed to be a robust diversifier to portfolios based on traditional asset mixes and is a reflection of the...

CTAs In A Regime of Rising Rates

March 7 2018

The advent of the Federal Reserve’s recent interest rate “lift-off” and the future unwinding of other developed market central banks’ ultra-loose monetary policies prompts the...

Trend Following: A Persistent Market Anomaly

March 7 2018

In this note CFM present a study of trend following using two centuries of data. CFM find that trend following is a persistent market anomaly...

The Convexity of Trend Following

March 7 2018

Much has been made recently of crisis alpha or crisis risk offset. And, in particular, of using trend following as a hedge of future downside...

Your fund manager doesn’t have to be perfect – ‘exceptional’ will do !

February 28 2018, Allan Gray

It is not easy being a financial adviser. As fund managers it is our job to deliver the best
returns we possibly can with the mandate...

Goals based advice for client based outcomes

February 2 2018, BMO Global Asset Management

2017 Conference Highlights

December 18 2017

A special thank you to our conference sponsors No More Practice Education for providing the amazing footage recapping our highly successful, inaugural conference.

Goals-based planning - A personalized service for strengthening client relationships

December 4 2017, EY

Since the global financial crisis and ensuing recession, the desires — and fears — of investors have changed dramatically. Investors seem less confident and more...

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