Morningstar
Investment Conference

Explore new horizons for investors June 2–3.

The 2021 Morningstar Investment Conference in Sydney will reflect these new horizons. It will still be accessible online, but we’ll also have one day of in-person events for people comfortable getting together in person after more than a year apart. Join us from wherever you are.

The Morningstar Investment Conference is designed to help investing professionals recognise lessons from the past, understand what’s happening right now, and peek around the corner to see what’s next.

2021 Speakers

The conference brings together some of the financial industry’s top minds.

Keynote Speakers

Daniel Ivascyn

PIMCO
(Newport Beach)

Mr. Ivascyn is Group Chief Investment Officer and a managing director in the Newport Beach office. He is lead portfolio manager for the firm’s income strategies and credit hedge fund and mortgage opportunistic strategies. He is a member of PIMCO's Executive Committee and of the Investment Committee. Morningstar named him Fixed-Income Fund Manager of the Year (U.S.) for 2013, and he was inducted into the Fixed Income Analysts Society Hall of Fame in 2019.

Speakers

Robert Almeida

MFS
(Boston)

Robert is an investment officer and global investment strategist for MFS Investment Management® (MFS®), offering insight and perspective on cyclical and secular trends impacting investors. He serves as lead portfolio manager on multi‐asset income and alternative strategies and is a member of MFS' Fixed Income Strategy and Fixed Income Risk and Opportunities groups. Rob joined MFS in 1999 and he joined the US Growth Equity team in 2009 and became a portfolio manager in 2014.

Scott Berg

T.Rowe Price
(Baltimore)

Scott Berg has 17 years of investment experience, all of which have been with T. Rowe Price. He joined the firm in 2002 as a research analyst covering the business services sector after serving as a summer intern in 2001. In 2005, he joined the global equity team as an associate portfolio manager and in 2008 launched the Global Growth Equity Strategy. Prior to T. Rowe Price, he was the manager of financial analysis and planning for Mead Consumer and Office Products.

Russel Chesler

VanEck

An actuary with over 25 years’ experience in financial services, Russel is responsible for managing VanEck's passive solutions. Prior to joining VanEck, Russel was a partner at Sunstone Partners, specialising in Asset and Wealth Management. Russel has also worked for Perpetual Limited as General Manager of Protected Investments and Lending and has held positions at Grange Securities, Alexander Forbes and Liberty Life.

Tony Cousins

Pyrford
(London)

Tony joined Daiwa International Capital Management in London as an Equity Portfolio Manager. He joined Pyrford in 1989. Tony headed Pyrford’s European investment management activities for Pyrford for almost 20 years and was promoted to the position of Joint Chief Investment Officer in November 2009. On 01 January 2011 Tony was further promoted to the roles of Chief Executive and Chief Investment Officer.

David Gait

Stewart Investors Board

David is Head of the Sustainable Funds Group and a Portfolio Manager. He sits on the Stewart Investors Board. David joined the team as a graduate in 1997. He is lead manager of Asia Pacific Leaders Sustainability and Asia Pacific Sustainability strategies, as well as Pacific Assets Investment Trust. David holds an MA with honours in Economics from Cambridge University, and holds a Master of Science in Investment Analysis from Stirling University.

Philipp Hofflin

Lazard Asset Management

Philipp Hofflin is a Portfolio Manager/Analyst on the Australian Equity Team with Lazard Asset Management Pacific Co. He began working in the investment field in 1995. Prior to joining Lazard in 1999, Philipp was the Head of Financial Markets Research with Royal & Sun Alliance in Australia, (previously Tyndall Investment Management) and a tutor/lecturer for the School of Mathematics and Statistics at the University of Sydney.

Rajiv Jain

GQG Partners
(Fort Lauderdale)

Rajiv is the Chairman and Chief Investment Officer of GQG Partners and also serves as the lead portfolio manager for all GQG Partners strategies. He commenced investment operations at GQG Partners in June 2016 and has over 25 years of investment experience. Previously, Rajiv served as a Co-Chief Executive Officer and Chief Investment Officer and Head of Equities

Dawn Kanelleas

First Sentier Investors

Dawn manages a range of Small and MidCap Companies portfolios, as well as researching and analysing a range of Australian listed stocks in the Small Companies and Mid Cap sectors. Dawn holdss more than 20 years of investment industry experience as a Fund Manager and broker, with the last 15 years as a Small Companies Portfolio Manager. Prior to joining First Sentier Investors, Dawn was a Portfolio Manager at Deutsche Asset Management’s Small Companies Team which was subsequently bought by Aberdeen Asset Management.

Dan Kemp

Morningstar Investment Management
(London)

Dan Kemp is Chief Investment Officer for Morningstar’s Investment Management group for the Europe, Middle East and Africa region. Dan leads Morningstar’s 20-strong investment management team for the EMEA region, working with advisers and institutions to help them deliver world-class investment solutions to investors and manages our UK ESG Multi Asset portfolios.

Craig Wright

Magellan

Craig Wright joined Magellan in 2014 and carries day-to-day responsibility for corporate and product development, oversight of Magellan’s IT network and infrastructure and governance engagement and proxy voting in respect of Magellan’s funds-management business. Craig also acts as a director on the board of some Magellan’s offshore funds and in respect of Magellan’s Principal Investment in Guzman Y Gomez (Holdings) Limited.

Matthew Mulcahy

Macquarie

Matthew Mulcahy leads the Macquarie Investment Management Fixed Income (MFI) global Rates and Currency team. He is also a lead portfolio manager of the Macquarie Australian Fixed Interest Fund and Macquarie Dynamic Bond, and co-manages MFI’s Australian fixed interest portfolios. Mulcahy’s experience and expertise has contributed to MFI’s investment strategies across all the cash and fixed income solutions globally. Before his current role he spent nine years as a senior portfolio manager at PIMCO and was also a member of the Macro Strategic Trading Team at UBS.

Christian Obrist

BlackRock

Christian is responsible for the management and development of the iShares exchange-traded fund (ETF) business in Australia and New Zealand. His responsibilities include supporting the distribution of the locally listed and offshore fund range, ensuring the efficiency of the ETF capital markets and iShares product platform, and the development and execution of the iShares business strategy. He is a member of the BlackRock Australia Executive Committee and the BlackRock APAC ETF and Index Investments Executive Committee.

Jay Sivapalan

Janus Henderson Investors

Jay Sivapalan is Head of Australian Fixed Interest at Janus Henderson Investors. He is also a Portfolio Manager and manages the Australian fixed interest portfolios. Jay joined Henderson in 2015 as part of the acquisition of Perennial Fixed Interest, where most recently he was partner and senior portfolio manager. He came to Perennial in 2001, initially heading the quantitative area within the Perennial group before transitioning to the Australian fixed interest team in 2004.

2021 Agenda

Wednesday 2 June — All Digital Day

Stay tuned—the details are being finalised.

Thursday 3 June — Live From Sydney

This is the main feature day, join us in-person or online.


08:30–09:00 (AEST)
Welcome and Opening Address 
Jamie Wickham, Morningstar / Tim Murphy, Morningstar


09:00–09:40 (AEST)
Keynote Address

Markets have been on a tear since the lows of March 2020, aided by fiscal stimulus and record low interest rates around the world. But how long can this continue? Will inflation actually come to bear sooner than expected?
Daniel Ivascyn, PIMCO


09:40–09:50 (AEST)
Morningstar Update – Our vision for Financial Planning software

Supporting the advice process end to end: an update on Morningstar's financial planning solutions.
Graham Dixon, Morningstar


09:50–10:30 (AEST)
Asset Class Diversification for a Range of Inflation Scenario

Stimulus and vaccine rollouts have provided a shot in the arm to equity markets. But with bond yields rising in early 2021 on growing inflation concerns, and a rotation from value to growth stocks in equity markets over the same period, how long do we expect these trends to continue? Where do the best opportunities lie today? How should portfolios be positioned to deal with a range of possible outcomes?
Rob Almeida, MFS Investment Management / Matt Wacher, Morningstar Investment Management / Tony Cousins, Pyrford International / Moderator: Simon Scott, Morningstar


10:30–11:00 (AEST)
Morning Tea


11:00–11:40 (AEST)
Global Equities—Where to From Here?

In a speculative market full of SPACs, cryptocurrencies, and Reddit stocks, how should global equity investors remain focused on the long-term? In this panel we speak with two highly-decorated industry veterans about the opportunities and headwinds facing the sector.
Rajiv Jain, GQG Partners / Scott Berg, T.Rowe Price / Moderator: Chris Franz, Morningstar 


11:40–11:50 (AEST)
Morningstar Update – Supporting you for Customer Success

An introduction to our Customer Success Team; how we support adviser and client success.
Hanne Gravas, Morningstar


11:50–12:30 (AEST)
All About Inflation? Charting the Way Forward for Fixed Interest Allocations

The prospect of inflation has occupied the thoughts of bond investors, as they look ahead to the path and pace of the recovery from the pandemic. Was the rapid steepening in yield curves earlier this year a sign of things to come or simply a reflection of the depths to which economies had halted a year earlier? How sustainable are the stimulus measures that have been enacted? What is the longer-term economic outlook, and how should investors position their fixed income portfolios in turn?
Jay Sivapalan, Janus Henderson Investors / Matt Mulcahy, Macquarie  / Moderator: Tim Wong, Morningstar


12:30–13:30 (AEST)
Lunch


13:30–14:10 (AEST)
Bentley or Beetle—How Good are ASX-Listed ETFs as an Investment Vehicle?

ETFs have been seriously tested in 2020 via an extreme tail event and have largely come out the other side in good shape. But for those wanting to make portfolio changes in the depths of the COVID market volatility, the investor experience was challenging. So what does market liquidity look like now and what's next in ETF product development? They’re topics we'll put to our panel of asset manager leaders in a rapidly growing area of the market.
Craig Wright, Magellan Financial Group / Russel Chesler, VanEck / Christian Obrist, BlackRock / Moderator: Matt Wilkinson, Morningstar


14:10–14:20 (AEST)
Morningstar Update – Risk Profiling and the Importance in the Advice Process

Connecting personal risk profile to a suitable portfolio – how we can help you differentiate your advice
Nicki Potts, Morningstar


14:20–15:00 (AEST)
Capitalising on the COVID Recovery in Australian Equities

With the worst of the pandemic hopefully behind us, investors have turned their focus to the recovery trade, the speed of which has surprised on the upside. Now the market is treading a fine balance between the optimism of accelerating in earnings growth and the valuation implications of a potential normalisation of long-term bond yields. As always there will be winners and losers, and it is an environment where stock picking should come to the fore. To discuss the major issues facing Australian equities investors we are joined by Dawn Kanelleas , Head of Australian Small and Mid-Cap Companies at First Sentier Investors  and Dr Philip Hofflin, portfolio manager of Lazard Select Australian Equity.
Dawn Kanelleas, First Sentier Investors / Philip Hofflin, Lazard Asset Management / Moderator: Michael Malseed, Morningstar


15:00–15:30 (AEST)
Afternoon Tea


15:30–16:10 (AEST)
Sustainable Investing is Now Mainstream

Financial Advisers have an opportunity to actively engage investors of all kinds, as more Australian’s bring non-financial considerations to their investment decision making. In this panel, we will speak with global ESG experts about sustainability risks and opportunities. We will also explore implications for portfolio strategies and how Advisers can improve their communications with clients around sustainability considerations and identify investment solutions that fit your client’s needs.
Dan Kemp, Morningstar Investment Management / Speaker TBC  / Moderator: Grant Kennaway, Morningstar


16:10–16:20 (AEST)
Morningstar Update – Introducing ESG Model Portfolios

Combining funds from the growing number ESG investment options is an increasing challenge. Tim will give an overview of a new service we've developed to meet this challenge.
Tim Murphy, Morningstar


16:20–17:00 (AEST)
Discussing Implications for Client Portfolios

Morningstar's investment specialists will interpret the key takeaways and learnings from each session at the conference, sharing our insights into investment selection and portfolio construction, while answering any questions that are top of mind in your client portfolio considerations.
Tim Murphy, Morningstar / Aman Ramrakha, Morningstar / Jody Fitzgerald, Morningstar Investment Management / Moderator: Jamie Wickham, Morningstar

2021 Digital Sponsorship Opportunities

Conference sponsorships let your company join our lively conversation. Past sponsors know that the Morningstar Investment Conference is more than just a way to show off your logo—it’s a chance to connect with an engaged audience of decision-makers.


Principal Sponsor


Major Sponsors

Frequently Asked Questions

What is happening on 2 and 3 June?
June 2 will be an online only day.
June 3 will be a hybrid event (in-person and digital audiences).

What does “hybrid” mean?
We will host both in-person delegates at the ICC Sydney on June 3, as well as digital delegates via our online platform. This means MICAU invitees can choose how they wish to hear from industry leaders and investing specialists on day 2.
On day 1: June 2 all delegates will digitally access content via the online virtual platform.  

What software will you require to join via the digital platform?
All you will need is a computer and internet connection to access MICAU online.  

How do I access the digital conference?
Once registered, you will receive an email from Morningstar Events the week of May. 31, 2021 with credentials needed for access.

Where can I find the agenda?
We are still finalising some information for the agenda, this will be communicated and confirmed in due course.

Are continuing professional development points being offered?
Yes, the agenda will be submitted for CPD points.

I’m registered. What can I do now to prepare for the conference?
Your confirmation email will contain an 'Add to Calendar' link. Also, bookmark our social media hash tags to get the latest updates and live insights from the conference: #MICAU.

2021 Agenda

Wednesday 2 June

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10:00–10:10 (AEST)
Welcome Address 
Tim Murphy, Morningstar


10:10–10:50 (AEST)
Fireside Chat with Kunal Kapoor & Jeremy Grantham

This is the session description.
Kunal Kapoor, Morningstar / Jeremy Grantham, GMO 


10:50–11:20 (AEST)
Sponsor Session: PIMCO

Session Title

This is the session description.
Speaker Name, PIMCO


11:20–11:50 (AEST)
Sponsor Session: Metrics Credit Partners

How to Deliver Attractive Fixed Income Returns and Capital Stability in a Low Rate World

This is the session description.Private Debt is a growing sub sector of the fixed income market that has delivered attractive income with high capital stability through market cycles. With less volatility than equities, and low correlation to traditional investments, private debt provides a compelling alternative source of income in a portfolio. But not all private debt is the same. In this Meet the Manager session, we will discuss: The reasons behind the growth of private debt as an asset class and why it should be on your radar, Where Debt ranks in the capital structure and how it provides capital stability and downside protection, Fixed Income diversification benefits of private debt and the 5 key risk factors of the asset class and how they can be mitigated
Andrew Lockhart, Metrics Credit Partners
 

Sponsor Session: Yarra
Session Title

This is the session description.
Speaker Name, Yarra


11:50–12:20 (AEST)
Sponsor Session: MFS Investment Partners

A Spotlight on MFS Global Equity

This is the session description.
Ryan McAllister & Daniel Bristow, MFS Investment Partners

Sponsors Session: GSFM
The S-Curve Outruns the Macro

This is the session description.
Nick Griffin, GSFM


12:20–12:50 (AEST)
Sponsor Session: Capital Group

Emerging Markets: A Better Way

This is the session description.
Winnie Kwan & Matt Reynolds, Capital Group

Sponsor Session: GQG Partners
The Case for Global Equities

Brian Kersmanc, a Deputy Portfolio Manager & Senior Investment Analyst at boutique global equities investment firm GQG Partners, will share his perspectives on the current state of foreign equity markets. He will discuss how Covid has impacted the global investing landscape, the potential concerns and risks investors need to be aware of and identify potential opportunities within global developed  and global emerging market equities.
Brian Kersmanc, GQG Partners


12:50–13:30 (AEST)
Morningstar Session Title

This is the session description.
Speaker Name, Company / Speaker Name, Company / Speaker Name, Company 


14:00–14:30 (AEST)
Sponsor Session: Fidelity International

Meet the Manager, Anthony Srom, PM of the Fidelity Asia Fund

This is the session description.
Anthony Sorm, Fidelity International

Sponsor Session: Schroders
Solving the Income Challenge

Ultra-low interest rates seem here to stay, with the RBA committing to keep short term rates near zero until 2024.  This presents a significant challenge for investors looking for yield from the defensive part of their portfolios, and requires careful assessment of the investment options available to generate income without taking on too much risk. In this session, we explore how the income challenge can be solved by using a broad investment universe, managing downside risks, and potentially looking beyond bond markets to equities to help deliver consistent income to investors.
Mik Kase, Schroders


14:30–15:00 (AEST)
Sponsor Session: Colchester Global

Getting the Income Out of Fixed Income

As the economic recovery gathered momentum and investors have worried about inflation, the start of 2021 saw rises in government bond yields; and yet despite this, yields are still at historically low levels. Investors are needing to be more creative in their fixed income portfolios to generate required income, and we’ve observed a noticeable uptick in enquiries for our emerging market strategy. At the Colchester Meet the Manager session, Martyn will present our views on the possible future path for inflation and what this could mean for both developed and emerging fixed income markets. He will also discuss why there’s been increased interest in emerging markets debt and how it may help to generate higher income as part of a broader diversified portfolio.
Martyn Simpson, Colchester Global

Sponsor Session: Milford Asset Management
Session Title

This is the session description.
Speaker Name, Company / Speaker Name, Company / Speaker Name, Company 


15:00–15:30 (AEST)
Sponsor Session: AXA Investment Managers

Session Title

This is the session description
Gideon Smith, AXA Investment Managers
 

Sponsor Session: BMO Global Asset Management
Managing Global Assets in a Volatile Environment
The Importance of Capital Preservation when Sequencing Risk Matters; Economic Recovery from Covid 19 Crisis Driven by Massive Fiscal and Monetary Stimulus; Is it All in the Price? Financial Asset Valuations are Sky High
Tony Cousins, Pyrford International

Thursday 3 June - Live from Sydney

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08:30–09:00 (AEST)
Welcome and Opening Address 
Jamie Wickham & Tim Murphy, Morningstar


09:00–09:40 (AEST)
Keynote Address

Markets have been on a tear since the lows of March 2020, aided by fiscal stimulus and record low interest rates around the world. But how long can this continue? Will inflation actually come to bear sooner than expected?
Dan Ivascyn, PIMCO


09:40–09:50 (AEST)
Morningstar Update - Our vision for Financial Planning software

Supporting the advice process end to end: an update on Morningstar's financial planning solutions.
Graham Dixon, Morningstar


09:50–10:30 (AEST)
Asset Class Diversification for a Range of Inflation Scenario

Stimulus and vaccine rollouts have provided a shot in the arm to equity markets. But with bond yields rising in early 2021 on growing inflation concerns, and a rotation from value to growth stocks in equity markets over the same period, how long do we expect these trends to continue? Where do the best opportunities lie today? How should portfolios be positioned to deal with a range of possible outcomes?
Rob Almeida, MFS Investment Management / Matt Wacher, Morningstar Investment Management / Tony Cousins, Pyrford International / Moderator: Simon Scott, Morningstar


10:30–11:00 (AEST)
Morning Tea


11:00–11:40 (AEST)
Global Equities—Where to From Here?

In a speculative market full of SPACs, cryptocurrencies, and Reddit stocks, how should global equity investors remain focused on the long-term? In this panel we speak with two highly-decorated industry veterans about the opportunities and headwinds facing the sector.
Rajiv Jain, GQG Partners / Scott Berg, T.Rowe Price / Moderator: Chris Franz, Morningstar 


11:40–11:50 (AEST)
Morningstar Update - Supporting you for Customer Success

An introduction to our Customer Success Team; how we support adviser and client success.
Hanne Gravas, Morningstar


11:50–12:30 (AEST)
All About Inflation? Charting the Way Forward for Fixed Interest Allocations

The prospect of inflation has occupied the thoughts of bond investors, as they look ahead to the path and pace of the recovery from the pandemic. Was the rapid steepening in yield curves earlier this year a sign of things to come or simply a reflection of the depths to which economies had halted a year earlier? How sustainable are the stimulus measures that have been enacted? What is the longer-term economic outlook, and how should investors position their fixed income portfolios in turn?
Jay Sivapalan, Janus Henderson Investors / Matt Mulcahy, Macquarie  / Moderator: Tim Wong, Morningstar


12:30–13:30 (AEST)
Lunch


13:30–14:10 (AEST)
Bentley or Beetle—How Good Are ASX-Listed ETFs as an Investment Vehicle?

ETFs have been seriously tested in 2020 via an extreme tail event and have largely come out the other side in good shape. But for those wanting to make portfolio changes in the depths of the COVID market volatility, the investor experience was challenging. So what does market liquidity look like now and what's next in ETF product development? They’re topics we'll put to our panel of asset manager leaders in a rapidly growing area of the market.
Craig Wright, Magellan Financial Group / Russel Chesler, VanEck / Christian Obrist, BlackRock / Moderator: Matt Wilkinson, Morningstar


14:10–14:20 (AEST)
Morningstar Update: Risk Profiling and the Importance in the Advice Process

Connecting personal risk profile to a suitable portfolio - how we can help you differentiate your advice
Nicki Potts, Morningstar


14:20–15:00 (AEDT)
Capitalising on the COVID Recovery in Australian Equities

With the worst of the pandemic hopefully behind us, investors have turned their focus to the recovery trade, the speed of which has surprised on the upside. Now the market is treading a fine balance between the optimism of accelerating in earnings growth and the valuation implications of a potential normalisation of long-term bond yields. As always there will be winners and losers, and it is an environment where stock picking should come to the fore. To discuss the major issues facing Australian equities investors we are joined by Dawn Kanelleas , Head of Australian Small and Mid-Cap Companies at First Sentier Investors  and Dr Philip Hofflin, portfolio manager of Lazard Select Australian Equity.
Dawn Kanelleas, First Sentier Investors / Philip Hofflin, Lazard Asset Management / Moderator: Michael Malseed, Morningstar


15:00–15:30 (AEST)
Afternoon Tea


15:30–16:10 (AEST)
Sustainable Investing is Now Mainstream

Financial Advisers have an opportunity to actively engage investors of all kinds, as more Australian’s bring non-financial considerations to their investment decision making. In this panel, we will speak with global ESG experts about sustainability risks and opportunities. We will also explore implications for portfolio strategies and how Advisers can improve their communications with clients around sustainability considerations and identify investment solutions that fit your client’s needs.
Dan Kemp, Morningstar Inc / David Gait / Moderator: Grant Kennaway, Morningstar


16:10–16:20 (AEST)
Morningstar Update: Introducing ESG Model Portfolios

Combining funds from the growing number ESG investment options is an increasing challenge. Tim will give an overview of a new service we've developed to meet this challenge.
Tim Murphy, Morningstar


16:20–17:00 (AEST)
Discussing Implications for Client Portfolios

Morningstar's investment specialists will interpret the key takeaways and learnings from each session at the conference, sharing our insights into investemnt selection and portfolio construction, while answering any questions that are top of mind in your client portfolio considerations.
Tim Murphy, Morningstar / Aman Ramrakha, Morningstar / Jody Fitzgerald, Morningstar Investment Management / Moderator: Jamie Wickham, Morningstar