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Editor s note: This article first appeared in the Q2 2021 issue of Morningstar magazine. Click here to subscribe. With interest rates at unprecedented low levels, bond markets are in uncharted territory. As bond market theories struggle to keep pace, asset allocators and income investors must adapt in real time. This is a particularly challenging climate for those who need to live off their investments.
The three panelists in this Morningstar Conversation bring three different perspectives. Michael Finke holds doctorates in both consumer sciences and finance and is professor of wealth management at the American College of Financial Services. Jonathan Guyton is a Certified Financial Planner who advises clients as a principal of Cornerstone Wealth Advisors and has been a retirement columnist for the Journal of Financial Planning since 2010. And Larry Siegel, who has a long background in practical investment analysis, serves as the Gary P. Brinson Director of Research a
Investment professionals must beware of the cyber risks in portfolios What is city talk?
Rhodri Preece, CFA, is Senior Head of Industry Research for CFA Institute. He is responsible the global research and thought leadership function at CFA Institute, including the Future of Finance, the CFA Institute Research Foundation, the Financial Analysts Journal, and the Enterprising Investor blog.
Large scale cyber-attacks impact is becoming an increasingly important consideration for investment professionals.
Internet security blog posts are usually more at home on the inside pages of IT trade publications than on the front pages of international newspapers. The one published by Microsoft Corporate Vice President Tom Burt on 2 March, about the emergence of “state-sponsored threat actor” Hafnium, was a notable exception.
For his perspective on
Geo-Economics, and market conditions in general, I caught up with Klement earlier this month. What follows is a lightly edited reproduction of our exchange.
CFA Institute: So tell us about
Geo-Economics. What was the initial impetus for writing it?
Joachim Klement, CFA: I have always been a politics junkie, but when it came to translating political developments into my investment portfolio, I found the analysis wanting. The vast majority of geopolitics advisers are trained political scientists and don’t have a finance background. This means they typically are unable to differentiate between what matters for investments and what doesn’t. I wanted to write a book on geopolitics from the perspective of an investor.
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