Morningstar® Investment Strategy Day

Thursday 29th August 2019 | Grand Hyatt Melbourne, 123 Collins Street, Melbourne VIC 3000

Morningstar presents the latest developments on financial advice from the industry's top minds. Discover new perspectives on the market and ideas to put into practice.


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

Keynote Speakers

Michael Kelly

PineBridge Investments

Michael joined PineBridge Investments in 1999 and is responsible for the global multi-asset business. The Global Multi-Asset Team manages lifestyle and asset allocation strategies, and has developed and manages principal protected strategies and global tactical asset allocation.

Cameron Schwab

Sports Identity and Leadership Mentor

After cutting his teeth as a recruiter at the Melbourne Football Club when the Demons made the finals for the first time in 23 years, Cameron Schwab was appointed CEO of the famous Richmond Football Club at age 24, the youngest in the history of the game. For most of the next 25 years, he was CEO of Richmond, Melbourne and Fremantle, when those clubs were at their lowest ebb, both on and off the field. He is the second longest serving CEO in the modern game.

Featured Speakers

Russel Chesler


Russel is an actuary with over 25 years’ experience in financial services, Russel is responsible for managing VanEck's Australian ETFs. Prior to joining VanEck, Russel was a partner at boutique consulting firm Sunstone Partners, specialising in Asset and Wealth Management. Previously Russel worked for Perpetual Limited, Grange Securities, Alexander Forbes and Liberty Life.

Roy Maslen


Roy was appointed Chief Investment Officer of Australian Equities in 2012, and has been managing Australian equity portfolios at AB since 2005. Previously, he served as co-CIO and director of Research. Prior to joining the firm in June 2003, Maslen was an associate principal with McKinsey & Company.

Roger Morley

MFS Investment Management

Roger is an investment officer and equity portfolio manager at MFS Investment Management. He is a co‐portfolio manager of the firm’s Global Equity, Global Concentrated and European Core Equity strategies. Roger joined MFS as a research analyst in 2002 and was named portfolio manager in 2009.

Vihari Ross

Magellan Asset Management

Vihari Ross joined Magellan in 2007 and is Head of Research. She was most recently Head of Franchises and retains responsibility for research coverage of franchises stocks. Before joining the Franchises team in 2009, Vihari was a Senior Analyst on the Financials team.. Prior to Magellan, Vihari spent four years as an equity analyst at Ausbil Dexia, covering the financials and consumer sectors, and worked as a quantitative analyst at Commonwealth Investment Management (now Colonial First State).

Kristian Fok


Kristian is the CIO at Cbus. His team is responsible for designing, setting and implementing the investment strategy for the Fund. The investment strategy is implemented with a mix of internally managed investments and outsourced asset managers

Tim van Klaveren


Tim van Klaveren is a Senior Portfolio Manager and a member of the Australian Strategy Team. He develops sector allocation and security selection strategy across all Australian portfolios. Tim is a member of the Fixed Income Investment Forum (FIIF) and also chairs the Investment Grade sub-committee of the FIIF.

Louisa Lo


Louisa Lo is Deputy Head of Asia ex Japan Equities, Head of Greater China Equities at Schroders, which involves fund management for the Greater China and Emerging Asia strategies and is responsible for the overall aspects of the Greater China Equities business. She joined Schroders in 1997 and is based in Hong Kong.

Andrew Stadelmann

BT Financial Group

Andrew is a Senior Analyst in the BT Investment Research & Governance team, conducting research of investment managers engaged with BT’s business, with a specific focus on the due diligence and monitoring of asset managers within managed accounts. Andrew has over 18 years’ experience in the financial services industry, joining BT in May 2016.

Miriam Sjoblom


Ms. Sjoblom oversees the global ratings process for fixed-income strategies in Morningstar’s manager research group. Sjoblom returned to Morningstar in 2016 after three years as a senior hedge fund and private debt strategies researcher for Aon Hewitt Investment Consulting.

Alex Donald

Ironbark Asset Management

Charles Jamieson

Jamieson Coote Bonds

Charles is a JCB co-founder and Chief Investment Officer overseeing JCB’s suite of Australian and Global High Grade Bond strategies. Charles has forged a career as a seasoned bond investor since 2001 across New York, Tokyo, London and Sydney, all with (prior to JCB) Merrill Lynch/Bank of America Merrill Lynch.


8:00 a.m. - 8:45 a.m.

Registration Open

8:45 a.m. - 9:00 a.m.

Welcome and Opening Address

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

9:00 a.m. - 9:40 a.m.

Morning Keynote Address - You Can Check Out, But You Can Never Leave

Michael Kelly, Managing Director, Global Head of Multi Asset, PineBridge Investments, New York

The ghosts of 2008 live on. Based on this horrific crisis, many market participants have been preparing for an imminent recession since 2016. This has been like waiting for Godot, the recession that never seemed to arrive. This presentation will offer PineBridge’s perspective on why the regular cyclical rules of thumb are not that useful in the wake of once in seventy year financial crisis. It will chronicle unnoticed fundamentals that have begun to improve since 2016, speak to the differing signals being sent by stocks and bonds, and offer ideas on where to invest today.

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

Morningstar Update - New Developments in Managed Accounts

Tim Murphy, Director of Manager Research, APAC, Morningstar

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

Which Asset Classes Currently Offer Opportunities?

Kristian Fok, Chief Investment Officer, Cbus / Matt Wacher, Chief Investment Officer, Morningstar Investment Management / Moderator: Aman Ramrakha, Director of Manager Research Ratings, APAC, Morningstar

Rates at all time lows. Equity markets at all time highs. Hear from two experts who oversee multi-asset portfolios on their thoughts across the asset class spectrum and where they see value.

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 (Connaught Room)

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

Critical Issues in Managed Accounts

Alex Donald, Head of Distribution, Ironbark Asset Management / Andrew Stadelmann, Senior Analyst, Investment Research & Governance, BT Financial Group / James Louw, Head of Advice & Investment Solutions, Morningstar Investment Management / Moderator: Matt Wilkinson, Senior Manager Research Analyst, Morningstar Australasia

Managed accounts continues to garner interest from the advice community across the board. There are number of key issues to be understood before going down this path. Come and hear from three experts in the area who'll outline all the key considerations you need to know to make the most of managed accounts.

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

Morningstar Update - Optimise Your Manager Research and APL Processes

Max Temkin, Business Development Manager, Morningstar Australasia

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

Building Effective Defensive Portfolios

Tim van Klaveren, Senior Portfolio Manager, Managing Director, UBS / Charles Jamieson, Executive Director, Chief Investment Officer, JCB / Miriam Sjoblom, Director, Fixed-Income Ratings, Global Manager Research, Morningstar / Moderator: Tim Wong, Director of Manager Research, Morningstar Australasia.

Bond yields have resumed their march downward, flipping the script on expectations held just one year ago. This has been true in government bonds globally, and markets are pricing in even more interest rate cuts for now. Meanwhile, credit spreads remain tight as the cycle continues unabated. With this in mind, how should you look to construct a fixed interest allocation? What is the outlook for quantitative tightening by central banks, and how does this affect the conventional wisdom about the diversifying properties of bonds? Our expert panellists will examine these topics and more in our fixed interest session.

12:30 p.m. - 1:20 p.m.

Lunch in Exhibit Area

1:20 p.m. - 2:20 p.m.

Afternoon Keynote Address - Finding Something

Cameron Schwab, Sports Identity and Leadership Mentor

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

Opportunities in Growth Assets

Roger Morley, Investment Officer and Equity Portfolio Manager, MFS Investment Management / Vihari Ross, Head of Research, Magellan Asset Management / Roy Maslen, Chief Investment Officer—Australian Equities, AllianceBernstein / Louisa Lo, Deputy Head of Asia ex Japan Equities, Schroders / Russel Chesler, Director - Investments, VanEck / Moderator: Michael Malseed, Associate Director of Manager Research, Morningstar Australasia

We are living in a low growth world, despite central banks making their best efforts to stimulate activity. Whether a lack of inflation is cyclical or structural, historically low discount rates have made investors increasingly willing to pay premium for any growth prospects. Forecasting risk is high and opportunities are scarce, so investors need to remain vigilant. To discuss the opportunities and threats for today’s investors we are joined by an experienced and diverse group of senior investment professionals with expertise ranging from global and Chinese equities to low volatility and systematic investing.

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

Afternoon Tea in Exhibit Area

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

3:30 p.m. - 4:20 p.m.

The Great Growth Asset Debate

Roger Morley, Investment Officer and Equity Portfolio Manager, MFS Investment Management / Vihari Ross, Head of Research, Magellan Asset Management / Roy Maslen, Chief Investment Officer—Australian Equities, AllianceBernstein / Louisa Lo, Deputy Head of Asia ex Japan Equities, Schroders / Russel Chesler, Director - Investments, VanEck / Moderator: Michael Malseed, Associate Director of Manager Research, Morningstar Australasia

Our panel of experts debate the opportunities and risks in growth assets facing investors. How much should investors be willing to pay for growth? Are we in a growth asset price bubble? Is growth really scarce, or are we just looking in the wrong places? How will macro-economic risks and potential trade-wars impact growth assets?

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

Implications for Investment Strategy

Tim Murphy, Director of Manager Research, APAC, Morningstar / Aman Ramrakha, Director of Manager Research Ratings, APAC, Morningstar / Moderator: Jamie Wickham, Managing Director, Morningstar Australasia

5:00 p.m.

Networking Drinks in Exhibit Area

When You Get Here

Welcome to Melbourne


A spectacular Melbourne landmark, Grand Hyatt Melbourne is perfectly poised in the heart of the city's world-class business, fashion, dining and theatre scene on prestigious Collins Street, and is only walking distance from Melbourne's main tourist attractions.


Grand Hyatt Melbourne

123 Collins St.

Melbourne VIC 3000.

Thank You to Our Sponsors

Be a visible part of the MISD 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

Van Eck Logo

Lead Sponsors

Major Sponsor

Sustainalytics Logo
T.Rowe Price Logo

See You in the Exhibit Hall

Network with over 400 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.

  • FAM Funds
  • Fidelity Investments
  • Financial Advisor Magazine
  • Financial Planning
  • First Affirmative Financial Network
  • First Eagle Investment Management
  • Firsthand Technology Value Fund, Inc.
  • First Trust Portfolios L.P.
  • FMI Funds
  • FolioDynamix
  • Forester Value Fund
  • FPA Funds
  • Franklin Templeton Investments
  • Frost Investment Advisors, LLC
  • Gabelli Funds
  • Guggenheim Investments
  • GuideStone Funds
  • Harbor Funds
  • 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
  • Neuberger Berman
  • NextShares Solutions, LLC
  • Nuveen

See You at the Conference