Morningstar® Investment Conference

Sydney 2018

24 May 2018 | International Convention Centre, Sydney

Registration Is Now Open

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

Michael Hasenstab, Ph.D.

Franklin Templeton Investments

Michael Hasenstab, Ph.D., is executive vice president and CIO for Templeton Global Macro. Dr. Hasenstab is a portfolio manager for a number of funds, including the successful Templeton Global Bond Fund and Templeton Global Total Return Fund.

Kerr Neilson

Platinum Asset Management

Kerr co-founded Platinum in 1994 with a view to building portfolios of misunderstood companies that were experiencing mispricing due to transient factors or intuitive biases. This approach has in turn delivered outstanding returns for investors.

Joanna Jonsson

Capital Group

Joanna is an equity portfolio manager at Capital Group with 29 years of investment experience. Before Capital, she was an equity research analyst at Fidelity in Boston and a public finance division officer at the Irving Trust Company in New York.

Kunal Kapoor

Morningstar

Kunal Kapoor, CFA, is chief executive officer of Morningstar. Before assuming his current role in 2017, he was president responsible for product development and innovation, sales and marketing, and driving strategic prioritisation.

William J. Stromberg, CFA

T. Rowe Price

Bill Stromberg is president and CEO of T. Rowe Price Group, Inc., and is a member of its Board of Directors. He is the chairman of the Management Committee and Compensation Committee, and has also served as Head of Equity and the Head of U.S. Equity.

Featured Speakers

Jacob Mitchell

Antipodes Partners

As CIO and Portfolio Manager, Jacob founded Antipodes Partners in March 2015. Prior to this, Jacob spent 14 years at Platinum Asset Management where he was the Deputy CIO and a Portfolio Manager of the flagship Platinum International Fund.

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.

Brett Lewthwaite

Macquarie

Brett is Global CIO and Co-Head of Fixed Income – responsible for cash, credit, fixed interest and currency portfolios amounting to approximately $A175 billion of assets. He is the portfolio manager of the Macquarie Income Opportunities Strategy.

Kate Howitt

Fidelity International

Kate is a portfolio manager in the highly successful Australian equities team at Fidelity. She has led the Fidelity Australian Opportunities Fund since inception and is also sole manager of a range of mandates for domestic & overseas clients.

Brad Boyd

Payden & Rygel Investment Management

Brad Boyd, CFA, is senior vice president and senior strategist on the global unconstrained fixed income team with a focus on absolute return solutions. In this capacity, he manages strategy implementation, risk management and performance attribution.

Jonathan Howie

BlackRock

Howie is responsible for the BlackRock global Index platform in APAC. He also leads BlackRock Portfolio Analysis & Solutions offering, and index-based portfolio solutions, working with Multi-Asset and Model Portfolio Solutions teams.

 

Vince Pezzullo

Perpetual

Since joining Perpetual in July 2007, Vince has become the Deputy Head of Equities and the Portfolio Manager for Australian Share, Geared Australian Share, Direct Equity Alpha and the Perpetual Equity Investment Company.

Alex Vynokur

BetaShares

Alex is co-founder and CEO of BetaShares – a leading provider of ETFs offering investors access to a range of asset classes including Australian and international equities, cash, fixed income, currencies, commodities and alternative strategies.

The Agenda

Agenda is subject to change.


8 a.m.–8:30 a.m.

Registration Open


8:30 a.m.–9 a.m.

Welcome & Opening Address

Jamie Wickham, Morningstar / Tim Murphy, Morningstar


9 a.m.–10:30 a.m.

A Look at the Big Picture

Keynote - Plenary (Ballroom 1 & 2)

Michael Hasenstab, Franklin Templeton Investments / Kerr Neilson, Platinum Asset Management / Anthony Serhan, Morningstar

Volatility is back - whether it be markets, politics, technological disruption, or economic policies, but what factors will really shape investment outcomes in the years ahead? Two leaders in the global investment profession will set the scene by outlining the big issues occupying their minds when thinking about portfolios and calling out what parts of the news cycle are mere distraction. Economic growth, interest rates, politics, corporate profits, trade wars, currencies, valuations, and much more. Watch the views, listen to the discussion, and join the debate with your questions.


10:30 a.m.–11 a.m.

Morning Tea Break in Exhibit Area

Morningstar Tech Hub Showcase & Meet the Analysts

Ballroom 3

Join Matthew Ver Beek and Elle Kuhta at the Morningstar Tech Hub, and experience an interactive demonstration showcasing Morningstar’s latest technology solutions, including Morningstar Adviser Research Centre and Morningstar Direct. Matthew and Elle will be available for two scheduled demonstrations, to take place at the Morning Tea break and again during the Afternoon Tea break. They will also be available in the Tech Hub area throughout the day and can show you how Morningstar’s technology solutions can create significant efficiencies for your business from investment research, reporting and model construction through to compliance – as well as help you bring your advice strategies to life with your clients.


11 a.m.–11:40 a.m.

Asset Allocation – Nowhere to Run, Nowhere to Hide

Fund Investing Stream - Ballroom 1 & 2

Andrew Lill, Morningstar / Simon Doyle, Schroders / Kunal Kotwal, Morningstar

In a world of increasingly less attractive asset price valuations, where do investors go for real return outcomes? In the absence of significant volatility and repricing of assets, how likely is it that CPI + 5% outcomes are achievable? Instead of investors looking to increase risk within equities should the most prudent action be to lower the return expectations of their real return managers? We explore the absolute expectations but also look at where there may be some pockets of relative value in a market which has been tough for value-based investing.

Direct Equities – Finding Value in an Overvalued Market

Direct Investing Stream - Ballroom 3

Adam Fleck, Morningstar / Mathew Hodge, Morningstar / John Likos, Morningstar / Gareth James, Morningstar

Despite a pullback in the Australian equities market since the start of the year, value remains tough to find. But opportunities exist, and our equities research team works to uncover these stocks trading at sizable discounts to their intrinsic value. Join our panel as we discuss the names we think offer suitable margins of safety, and which don’t, in the technology, financial, and resources sectors.


11:40 a.m.–11:50 a.m.

Managed Accounts—‘Game Changer’or ‘Frame Changer’?

Fund Investing Stream - Ballroom 1 & 2

James Louw, Morningstar

In a recent Investment Trends study, advisers using Managed Accounts estimated time savings of 12.4 hours per week on portfolio management tasks. With the promise of ‘game-changing’ efficiencies like this, it’s no wonder the industry has seen an avalanche of interest in Managed Accounts. However, if left unchecked, Managed Accounts can also pose significant risks for advisers and clients alike. In this insightful session, you’ll learn the key operational and client-best-interest considerations to ensure you avoid common pitfalls and realise the full benefits of Managed Accounts in your practice.

Forecasting Asset Class Returns Beyond Just Australian Equities

Direct Investing Stream - Ballroom 3

Philip Straehl, Morningstar

In the short run, the sharemarket is mostly driven by investor sentiment causing over- and under-reactions to underlying fundamentals. But in the long run, corporate cash flows are the drivers of returns. Philip will discuss Morningstar Investment Management’s valuation-driven asset allocation approach, and focus on which opportunities are currently presenting as being attractive.


11:50 a.m.–12:30 p.m.

Fixed Interest – Seeking Value Without Jeopardising its Role in Portfolios

Fund Investing Stream - Ballroom 1 & 2

Brad Boyd, Payden & Rygel / Brett Lewthwaite, Macquarie / Tim Wong, Morningstar

Bond investors face tricky circumstances to navigate. Amid consensus expectations of tightening US monetary policy, sovereign bond yields globally still remain historically low and credit spreads very tight. Under these circumstances, how can bond managers strike a balance of investing opportunistically while maintaining their portfolio’s diversifying properties – and does a potential rise in risk free yields make this all moot?

Current Trends in ETFs

Direct Investing Stream - Ballroom 3

Alex Vynokur, BetaShares / Jonathan Howie, BlackRock / Alex Prineas, Morningstar

Virtually nothing in financial services is seeing growth or innovation like ETFs. The sector is raking in assets, and new products are launching at an overwhelming pace: style ETFs, multi-factor, fixed income, active ETPs, ESG funds and more. Not only are new products launching, there are also new benchmarks and index-providers to make sense of. This session brings insights from iShares, the world’s largest ETF provider, and BetaShares, one of Australia’s fastest growing ETF players. The panellists will share their thoughts on what is going on in Australia’s ETF market right now, what really matters, and what to expect in future.


12:30 p.m.–1:20 p.m.

Lunch in Exhibit Area


1:20 p.m.–2:10 p.m.

The Future of Financial Advice - A Global Perspective

Ballroom 1 & 2

Kunal Kapoor, Morningstar / William Stromberg, T. Rowe Price / Jamie Wickham, Morningstar

Kunal Kapoor will delve into advice – the future of advice, the role of the adviser and how it needs to change in an age of transparency. Kunal will touch on his global views on the key challenges facing the industry and how Morningstar is helping you illuminate the real and quantifiable value of your advice with a new generation of investors. Kunal will also be joined on stage by William Stromberg, global CEO of T.Rowe Price for a candid Q&A on the ever changing advice landscape in the US; and what this means for advisers here and across the globe.


2:10 p.m.–2:20 p.m.

Transparency - The New Currency of Socially-Aware Investors

Ballroom 1 & 2

Anthony Serhan, Morningstar

Trust, transparency and values are more important than ever. Providing your socially-aware investors with more choices about the way they invest could be a game changer. Hear how Morningstar is working with asset managers to create an even stronger platform for analysing funds. Understand how Morningstar is tackling Sustainability by bringing to life ESG and carbon factors in the portfolios that your clients invest in – helping you forge stronger and more meaningful relationships with your clients.


2:20 p.m.–3 p.m.

Scouring the World for Opportunities in an Aging Bull Market

Global Equities - Ballroom 1 & 2

Joanna Jonsson, Capital Group / Jacob Mitchell, Antipodes / Chris Douglas, Morningstar

Global equities are very much back in favour with Australian investors and it’s not difficult to see why. Investors can access a tremendously diverse range of companies from the leading technology disrupters to the latest in healthcare medicine, or perhaps exposure to the fast-growing emerging markets. But what about equity market valuations? Or perhaps the ever growing geopolitical risks that investors have to face? Is it time to start thinking more defensively, or should investors expect to see the bull market continue? In this session we have two proven global equity investors with outstanding track-records. Hear their views on the current market environment and how they are positioning their portfolios.


3 p.m.–3:30 p.m.

Afternoon Tea in Exhibit Area

Morningstar Tech Hub Showcase & Meet the Analysts

Ballroom 3

Join Matthew Ver Beek and Elle Kuhta at the Morningstar Tech Hub, and experience an interactive demonstration showcasing Morningstar’s latest technology solutions, including Morningstar Adviser Research Centre and Morningstar Direct. Matthew and Elle will be available for two scheduled demonstrations, to take place at the Morning Tea break and again during the Afternoon Tea break. They will also be available in the Tech Hub area throughout the day and can show you how Morningstar’s technology solutions can create significant efficiencies for your business from investment research, reporting and model construction through to compliance – as well as help you bring your advice strategies to life with your clients.


3:30 p.m.–4:10 p.m.

The Return of Volatility and the Opportunity for Active Investors

Australian Equities - Ballroom 1 & 2

Kate Howitt, Fidelity International / Vince Pezzullo, Perpetual / Michael Malseed, Morningstar

The sudden return of volatility in early 2018 was a wake-up call for investors. After a nine year bull market, equity valuations appear to be delicately balanced. A synchronised global economic recovery and modest inflationary pressures are constructive for corporate earnings, but the gravitational pull of higher bond yields has the potential to bring valuations back to earth. In this environment, active managers have the opportunity to prove their worth. Discerning portfolio management and skilled stock picking will be required to successfully navigate the path ahead. In this session we will discuss the risks and opportunities currently facing investors with two highly regarded portfolio managers from two of Australia’s largest investment firms.


4:10 p.m.–4:20 p.m.

Helping You Do What You Do Best

Ballroom 1 & 2

Tim Murphy, Morningstar

As the adviser’s role becomes increasingly more challenging, Morningstar continues to invest heavily in our products and services for advisers. This update will highlight the new initiatives we have added to our local adviser solutions, provide an update on our independent research perspectives we have published, and offer insights to how you can deliver better outcomes for your business and your clients.


4:20 p.m.–5 p.m.

Discussing the Right Strategies for Your Client Portfolios

Ballroom 1 & 2

Tim Murphy, Morningstar / Chris Douglas, Morningstar / James Foot, Morningstar / Jamie Wickham, Morningstar

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.


5 p.m.

Networking Drinks in Exhibit Area

When You Get Here

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. 

Unwind at one of the following Darling Harbour properties, located close to the MICAU venue and offering our guests discounted rates. 

Sofitel Sydney Darling Harbour

12 Darling Drive, Darling Harbour NSW 2000

61 2 8388 8888 / H9729@SOFITEL.com

Quote block ID 89950 or Morningstar upon calling or emailing reservations to receive 10% discount. 

Novotel Sydney Darling Harbour

100 Murray Street, Pyrmont NSW 2009

61 2 9288 7180 / H1181@accor.com

Quote MOR240518 upon calling or email reservations to receive 10% discount.

Ibis Sydney Darling Harbour

70 Murray Street, Pyrmont NSW 2009

61 2 9288 7180 / H1757@accor.com

Quote MOR240518 upon calling or emailing reservations to receive 10% discount.

Novotel Sydney Darling Square

17 Little Pier Street, Darling Harbour NSW 2000

61 2 8217 4081 / H3021-RE@accor.com

Quote Mstar2018 upon calling or emailing reservations to receive 10% discount.

Note: Morningstar does not hire or authorise anyone to contact you to book your hotel rooms at any of the Accor properties for the Morningstar Investment Conference. If you are contacted by a third party to book your room at an Accor property for the Morningstar Investment Conference, please contact au.events@morningstar.com.

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. View the sponsorship kit.


Principal Sponsor

Capital Group Logo

Major Sponsor

Pendal Logo
Bentham Logo
Grant Samuel Funds Management Logo
Platinum Logo
Sustainalytics Logo

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

#MICAU