Morningstar® Investment Conference

30 May 2019 | International Convention Centre, Sydney

Morningstar brings the latest market insights and investment views from the industry’s top minds. Discover new perspectives on the market and ideas to put into practice.

Speakers

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

Keynote Speakers

Hamish Douglass

Magellan Financial Group

Hamish Douglass is Co-Founder, Chairman and Chief Investment Officer of Magellan Financial Group, and Lead Portfolio Manager of Magellan’s Global Equity strategies.

Michael Thawley

Capital Group International

Michael Thawley is vice-chairman of Capital Group International. In late 2014 he was secretary of the department of the Prime Minister and Cabinet. Prior, he served as international adviser, a senior vice president and vice-chairman for Capital Group
Featured Speakers

Simon Doyle

Schroders

Simon is the Head of Fixed Income and Multi-Asset and Director of Schroder Investment Management Australia and was previously Head of Strategy. He has portfolio management responsibility for the real return, balanced and fixed income core-plus.

Keith Lloyd

Colchester Global Investors

Keith is CEO & Deputy CIO of Colchester Global Investors. He is a founding director of the firm and oversees all aspects of the investment research, portfolio construction and implementation. Keith’s career began as an international macro-monetary economist at RBNZ and then investment manager at World Bank.

Sean Martin

Solaris Investment Management

Sean was appointed Chief Investment Officer in August 2013, while maintaining his position as Analyst held since Solaris' inception in January 2008.

Jacob Mitchell

Antipodes Partners

After over twenty years of investment management experience, Jacob founded Antipodes Partners in March 2015, a global asset manager offering a pragmatic value approach across long only and long-short strategies.

Brad Potter

Nikko Asset Management

Brad joined the business in 2002. He has 29 years’ experience primarily in the funds management and stockbroking industry, and has overall responsibility for managing the Australian equities team, process and portfolios.

Jay Sivapalan

Janus Henderson Investors

Jay Sivapalan is Co-Head of Australian Fixed Interest at Janus Henderson Investors. Prior to this, he was a portfolio manager with Perennial, where he worked from 2001 in various roles.

Amelia Kennedy

ANZ Private Bank

Amelia joined ANZ Wealth in 2014 as Direct Securities Manager, before being promoted to lead the research capability for all investment products across ANZ Wealth. Following a secondment in the Project Office managing communications and engagement with all intermediary clients regarding the sale of ANZ Wealth, Amelia moved to ANZ Private Bank to head the Research & Governance function for ANZ Private Bank & ANZ Financial Planning.

Hani Redha

PineBridge Investments

Hani is responsible for leading the Global Multi-Asset Team’s Multi-Asset Strategy meeting and facilitating the debate and development of the team’s intermediate-term views and convictions.

Andrew Weaver

ASX

Andrew has managed the ASX Investment Products team for the past 3 years. The Investment Products team is responsible for on-boarding new ETFs, Exchange Traded Managed Funds, Listed Investment Companies and Trusts, Warrants, Australian Government Bonds and mFunds, the ASX’s Managed Fund Settlement Service.

Kera Van Valen, CFA

Epoch Investment Partners

Kera is the lead portfolio manager for Epoch’s Equity Shareholder Yield strategies. Prior to joining the Shareholder Yield team, Kera was an analyst within Epoch’s Quantitative Research and Risk Management team.

Balaji Gopal

Vanguard Investments Australia

Balaji leads the team responsible for long-term product planning, research, development and implementation. Balaji works closely with Vanguard’s global teams in the design and launch of new products, as well as implementing changes across Vanguard’s suite of investment products.

Kate Turner

Sustainalytics

Kate is an Associate Director at Sustainalytics. Kate works with a variety of clients across the Australian Pacific region to develop and execute their responsible investment policies and assist them in their use of Sustainalytics’ products and services.

Chris Meyer

Pinnacle Investment Management Group

Chris joined Pinnacle in 2018. Chris is part of the Pinnacle executive management team and is a Director responsible for driving the listed products business including LICs and ETFs.

The Agenda


8:00 a.m.– 8:30 a.m.

Registration Open


8:30 a.m.– 9:00 a.m.

Welcome and Opening Address

Jamie Wickham, Managing Director, Morningstar Australasia / Tim Murphy, CFA, CAIA, Director of Manager Research, APAC, Morningstar.


9:00 a.m–9:40 a.m.

Keynote Address - The World In Transition

Michael Thawley, Vice-Chairman, Capital Group International

Geopolitics has never played such a significant role in moving markets. Michael Thawley, vice-chairman of Capital Group International, will identify the three main drivers shaping the global, economic and strategic order. He will discuss the fracturing western democratic institutions, the evolving US-China trade relationship, Chinese domestic economic reform and Brexit. Delegates will leave knowing the key questions they need to consider when looking at the overall 2019 global economic picture, and what this means for Australia.


9:40 a.m - 9:50 a.m.

Morningstar Update - Bringing Best Practice to Managed Accounts

Tim Murphy, CFA, CAIA, Director of Manager Research, APAC, Morningstar.


9:50 a.m - 10:30 a.m.

Asset Allocation Panel - Attack or Defend?

Hani Redha, Managing Director and Portfolio Manager, Global Multi Asset Team (London), PineBridge Investments / Simon Doyle, Head of Fixed Income and Multi-Asset, Australia, Schroders / Matt Wacher, Chief Investment Officer, Morningstar Investment Management / Moderator: Aman Ramrakha, Director of Manager Research Ratings, APAC, Morningstar.

Finding the best opportunities for an active asset allocation approach is a challenging exercise. Strategies that target CPI+ objectives using a flexible asset allocation generally think along two lines: meet the return target but also use the flexibility to think about avoiding sequencing risk. In this session we explore these dual, and perhaps competing, objectives. Should the return target be paramount or is avoiding significant variability of outcomes at the expense of returns the right course of action. Is it possible to do both? You’ll hear from three experts on this topic. We’ll explore their approaches to the competing objectives and get an insight in to their current thinking on where the best opportunities lie.


10:30 a.m. - 11:00 a.m.

Morning Tea in Exhibit Area

10:35am - 10:55am - Morningstar Tech Hub Showcase - Adviser Research Centre - Best Practices with Tools and Product Update (Breakout Room)

Learn how the analytical tools available on Adviser Research Centre can help you evaluate a portfolio’s asset allocation and exposure to regions and sectors to ensure the portfolio is constructed to meet its desired goals. Also, view some of the new and exciting developments for the product that will make comparing investments much easier.


11:00 a.m - 11:40 a.m.

Fixed Interest Panel - Playing Defence in a Low Yield World

Fund Investing Stream (Grand Ballroom)

Keith Lloyd, M.Sc., CFA Chief Executive Officer & Deputy Chief Investment Officer, Colchester Global Investors / Jay Sivapalan, Co-Head of Australian Fixed Interest, Janus Henderson Investors / Moderator: Tim Wong, Director of Manager Research, Morningstar Australasia.

Bond yields have continued to confound many investors. Expectations have flipped 180 degrees in less than a year, with interest rate cuts priced in across many bond markets. Meanwhile, credit spreads remain tight as the cycle continues unabated. In this context, how should you respond to these conditions in constructing a fixed interest allocation? Is the conventional wisdom about the diversifying properties of bonds under threat as central banks reverse course on their quantitative easing programmes – and if so, what should be done? Our offshore and local experts will explore these topics and more in our fixed interest panel.

Direct Equities - Top Picks for an Increasingly Uncertain World

Direct Investing Stream (Breakout Room)

Mathew Hodge, Sector Lead- Basic Materials, Energy & Utilities, Morningstar Australasia / David Ellis, Head of Australian Banking Research, Morningstar Australasia / Daniel Ragonese, Equity Analyst, Morningstar Australasia / Moderator: Adam Fleck, Director of Equity Research, ANZ, Morningstar

Our equity analysts spend every day scouring the investable universe to uncover companies with sustainable competitive advantages that are trading at sizeable margins of safety. While not every great company trades at a great price, our research team has found several that look to offer outsized long-term return opportunities—and some that look substantially overvalued. Please join our analysts to learn about their latest best ideas and outlooks for the banking, mining, consumer, and gaming sectors.


11:40 a.m - 11:50 a.m.

Morningstar Update - Optimise Your Manager Research and APL Processes

Fund Investing Stream (Grand Ballroom)

Max Temkin, Business Development Manager, Morningstar Australasia

It's Not Me, It's You: Can You Handle Listed Products?

Direct Investing Stream (Breakout Room)

Matt Wilkinson, Senior Manager Research Analyst, Morningstar Australasia


11:50 a.m - 12:30 p.m.

ESG - Bringing it to Life From an Adviser Perspective

Fund Investing Stream (Grand Ballroom)

Kate Turner, Associate Director, Sustainalytics / Dan Lefkovitz, Strategist, Morningstar Indexes, Morningstar Inc / Amelia Kennedy, Research & Governance Lead, ANZ Private Bank / Moderator: Aman Ramrakha, Director of Manager Research Ratings, APAC, Morningstar.

The investment world is seeming awash with tags such as ‘Responsible Investment’, ‘Environmental, Social and Governance’ and ‘Sustainability’. Generally speaking we have all come to grips with these tags and have some understanding of what they do and don’t represent. This session looks at the issue from a practitioner’s point of view. How are these types of products used by practitioners and their clients? Are they as relevant as we think they are or are investors confused by all the jargon? Our panelists will explore this topic from a variety of angles to provide insights that will help you cut through the noise. We’ll explore whether products in this space are hitting the mark with practitioners and their clients.

Listed Funds - They're All the Rage, but What's the Catch?

Direct Investing Stream (Breakout Room)

Andrew Weaver, Manager, Investment Products, ASX / Balaji Gopal, Head of Product Strategy, Vanguard Investments Australia / Chris Meyer, Director, Pinnacle Investment Management Group / Moderator: Alex Prineas, Associate Director, Passive Strategies, Manager Research, Morningstar Australasia

ETFs, LICs and LITs have had plenty of media headlines, positive and negative. Investors have voted with their feet, judging by the large volume of money flowing to listed investments in recent times. But is there a catch? By understanding the drawbacks and technicalities of listed investments, investors will be better placed to benefit from their advantages. This session will draw on the insights of industry experts to recount the history of listed funds, such as how they delivered in the GFC, what’s been driving their recent growth, and tips to avoid the sub-optimal experiences that some investors have had when transacting. We’ll also look to the future, including evolving regulation, developments in overseas markets, and what that means for Australian investors.


12:30 p.m. - 1:30 p.m.

Lunch in Exhibit Area


1:30 p.m - 2:10 p.m.

A Fireside Chat with Hamish Douglass

Hamish Douglass, Chairman, CIO and Lead Portfolio Manager , Magellan Financial Group / Moderator: Tim Murphy, CFA, CAIA, Director of Manager Research, APAC, Morningstar.

Creating and running a successful business, while also managing a consistently outperforming investment portfolio, is no mean feat. But Magellan’s Hamish Douglass can comfortably lay claim to achieving both. This ‘Fireside Chat’ will delve into some of the secrets of Magellan’s success, exploring key learnings from accomplishments and mistakes along the way, providing crucial insights and takeaways for any business owner or leader. We’ll then delve into Douglass’ current thinking on markets, where he sees the opportunities and risks, and how those are currently being reflected in Magellan’s portfolios.


2:10 p.m - 2:20 p.m.

Morningstar Update - Customer Experience (CX) – The Challenges and Opportunities with Technology

Matthew Froggatt, Head of Operations, Morningstar Australasia.


2:20 p.m - 3:00 p.m.

Global Equities - Structural Shifts Challenging the Paradigm of Global Investing

Kera Van Valen, CFA, Managing Director, Lead Portfolio Manager, Epoch Investment Partners / Jacob Mitchell, Chief Investment Officer/Lead Portfolio Manager, Antipodes Partners / Moderator: Matt Wilkinson, Senior Manager Research Analyst, Morningstar Australasia

Global equities are frequently buffeted by macroeconomic news from interest rate directions to geopolitical risks and trade negotiations to name a few. But growth drivers of the past have changed, as is the likelihood of technological disruption and potential impacts of climate change. So there's lots to talk about how our panellists, Kera Van Valen from Epoch Investment Partners and Jacob Mitchell from Antipodes Partners, come to their stock selection and portfolio construction.


3:00 p.m - 3:30 p.m.

Afternoon Tea in Exhibition Area

3:05pm - 3:25pm - End-to-end Managed Account Solution: Morningstar Direct in the Tech Hub (Breakout Room)

Are managed accounts in your business roadmap? See how Morningstar Direct is a single solution for the managed account process, from asset allocation and investment selection, through to the automation of custom reports.


3:30 p.m - 4:10 p.m.

Australian Equities - Growth at What Price? Value at What Risk? Navigating a Bifurcated Market.

Sean Martin, Chief Investment Officer/Analyst, Solaris Investment Management / Brad Potter, Head of Australian Equities, Nikko Asset Management Australia / Moderator: Michael Malseed, Associate Director of Manager Research, Morningstar Australasia

In a low yield world investors have increasingly been willing to pay up for earnings growth, driving valuations within a subset of the market to stratospheric levels. Meanwhile, structural challenges have beset a number of companies where valuations have appeared more attractive. The volatility of 2018 showed that sentiment can change quickly, providing both risks and opportunities for active managers. We’ll discuss the threats and opportunities currently facing investors with two highly rated Australian equities managers, with extensive experience across multiple investment cycles.


4:10 p.m - 4:20 p.m.

Morningstar Update - Trends in Index Investing

Dan Lefkovitz, Strategist, Morningstar Indexes, Morningstar Inc.

Morningstar’s investment experts will interpret and apply learnings from throughout the conference and answer the top questions on your mind.  Gain insights into portfolio construction, investment selection, and more.


4:20 p.m - 5:00 p.m.

Discussing the Right Strategies for Your Client Portfolios

Tim Murphy, CFA, CAIA, Director of Manager Research, APAC, Morningstar / Aman Ramrakha, Director of Manager Research Ratings, APAC, Morningstar / James Foot, Director of Capital Markets & Asset Allocation, Morningstar Investment Management / Moderator: Jamie Wickham, Managing Director, Morningstar Australasia


5:00 p.m. - 6:00 p.m

Networking Drinks in Exhibition Area

When You Get Here

International Convention Centre
Level 5, Grand Ballroom
14 Darling Drive, Sydney NSW 2000

Welcome to Sydney

It’s Morningstar Australasia’s home and one of the world's most desirable meeting and event destinations. Located in the heart of Darling Harbour, ICC Sydney is easily accessible by public transport, including light rail, ferry, and train and is only a 10 minute walk from Central and Town Hall train stations. Secure car parking is also available and conveniently located within the Darling Harbour precinct. 

Thank You to Our Sponsors

Be a visible part of the MICAU experience by becoming a sponsor. It’s about more than attendees seeing your company’s logo—it’s an effective way to reach decision makers.


Principal Sponsor

Capital Group Logo

Major Sponsor

AMP Capital Logo
Bentham logo

Coffee Cart Sponsor


Mobile App Sponsor


Lanyard Sponsor

See You in the Exhibit Hall

Network with over 700 of your fellow financial professionals and leading asset management, fintech and financial advice firms. Morningstar experts will be on hand too – ready to answer your burning questions.

  • KEELEY Funds
  • Legg Mason Global Asset Management
  • Leuthold Funds
  • Litman Gregory
  • Longleaf Partners
  • Loomis, Sayles & Company, L.P.
  • Mainstay Investments
  • Mairs & Power
  • Matthews Asia
  • MFS Investment Management
  • Miller / Howard Investments
  • Modestspark
  • Moerus Capital Management, LLC
  • Morgan Stanley Investment Management
  • NAREIT
  • Neuberger Berman
  • NextShares Solutions, LLC
  • Nuveen

See You at the Conference