Sebastian Schiele, DWS Global Head, Index Mandates & Solutions, Xtrackers by DWS | Sebastian explains enhanced indexing and where it fits between passive and active strategies. He discusses the different types of enhanced indexing approaches that are available and why they are gaining traction with Australian institutional investors. Sebastian also covers how enhanced indexing can help investors meet objectives, like decarbonisation and the global trends he is seeing in the adoption of enhanced indexing strategies.

Listen to the full interview which covers:

- What is Enhanced Indexing, and why is it gaining traction with Australian institutional investors?

- Where does Enhanced Indexing fit between passive and active strategies?

- What are the different types of Enhanced Indexing approaches available?

- How can Enhanced Indexing help investors meet additional objectives like sustainability or decarbonisation?

- What global trends are you seeing in the adoption of Enhanced Indexing?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Eric Van Nostrand, Chief Investment Officer, Lazard Asset Management | Eric discusses the role of quantitative investing in emerging market equities and how it can adapt to regime shifts without overreacting to short-term noise and macro interference to more reliably generate alpha.

Listen to the full interview which covers:

- How does limited analyst and media coverage in emerging markets create opportunities for skilled active managers?

- Can you explain why macro interference is especially problematic in EM equities, and how a systematic framework mitigates this?

- How can a quantitative process adapt to regime shifts without overreacting to short‑term noise?

- How does the law of large numbers support more reliable alpha generation in emerging markets?

- Do systematic approaches work in other inefficient markets, like small cap?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Phil Strano, Head of Australian Credit Research, Yarra Capital Management | Phil shares his views on why private credit has an important role to play in portfolios but cautions that the asset class is seeing pockets of stress emerging, as it reaches saturation point. He explains why investors’ aim should be to build multi-sector credit portfolios that are idiosyncratic in nature, with diversification, liquidity and transparency around valuations and pricing at the core, to meet their return objectives through the cycle.

Listen to the full interview which covers:

- How would you characterise today’s private credit landscape, and where are you seeing the most attractive opportunities and emerging risks?

- What key criteria do you use to evaluate private credit securities in the current environment?

- Which sectors or structures within the Australian credit market are you currently more cautious on, and why?

- How do diversification and liquidity feature in your approach to building resilient credit exposures?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Laurence Taylor, Equity Solutions Portfolio Manager, T. Rowe Price | Laurence discusses T. Rowe Price’s integrated equity approach, including its distinct characteristics and competitive advantages. He explains how the integrated equity process adapts during periods of market volatility and the role technology plays in the investment process and decision-making to deliver desired outcomes for clients.

Listen to the full interview which covers:

- What makes T. Rowe Price’s integrated equity approach distinct, and how would you characterise the competitive advantages it delivers for clients?

- What metrics or frameworks are used to measure alpha generation from quantitative inputs versus fundamental research, and from the intersection of both?

- Can you share examples of how T. Rowe Price’s integrated equity process adapted during periods of market volatility, and the outcomes for client portfolios?

- What role does technology play in the investment process and decision-making in the integrated equity team, and what advantages does it deliver for clients?

- How does T. Rowe Price’s integrated equity team manage unintended risks or factor exposures arising from combining quantitative and fundamental inputs?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Alan Coffey, Director, Private Companies, Baillie Gifford | Alan discusses how the continued growth of private companies is reshaping the opportunity set for long-term investors. He explains how Baillie Gifford translates its 100+ years of growth investing heritage into advantage in accessing and navigating private market opportunities today, as more companies remain private for longer.

Listen to the full interview which covers:

- How is the continued growth of private companies reshaping the opportunity set for long-term investors?

- Baillie Gifford has over 100 years of growth investing experience. How does that heritage translate into an advantage in private markets today?

- How does your integrated public and private platform support your investing?

- In highly competitive private funding rounds, why do founders choose Baillie Gifford as a long-term partner?

- You have been investing in private growth companies for close to 15 years. How would you describe that journey, and what do you anticipate over the next 15?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Toby Goodworth, PhD, Managing Director, Head of Liquid Markets, bfinance | Toby discusses active currency overlays, including how they differ from a conventional strategic FX hedge, the challenges investors typically face in implementation and their role in the context of the broader portfolio. He addresses what the ideal market conditions are for utilising active currency overlays and explains what investors should expect from a successful active currency overlay program.

Listen to the full interview which covers:     

- What is an active currency overlay, and how does it differ from a conventional strategic FX hedge?

- What are the ideal market conditions for an active currency overlay?

- How should investors use active currency overlays in the context of their wider portfolio?

- What are the typical outcomes from an active currency overlay? What should investors expect from a successful active currency overlay program?

- What are some of the key challenges investors face when implementing an active currency overlay?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Adam Nankervis, Portfolio Manager & Partner, Oak Hill Advisors | Adam discusses the evolution of credit markets and how private credit interacts with the high yield and leveraged loan markets. He shares his perspectives on where he sees opportunities and risks in alternative credit and explains how a multi-asset credit approach enables investors to capture relative value and effectively navigate the evolving market conditions.

Listen to the full interview which covers:     

- How have private credit markets evolved in recent years?

- Can you explain how private credit markets cross over and interact with the high yield and leveraged loan markets?

- What does the interaction between private credit markets with high yield and leveraged loan markets mean for investors, and how can it benefit their portfolio?

- What opportunities and risks are you seeing in alternative credit at the moment?

- How does a multi-asset credit approach to investing enable you to capture relative value and effectively navigate the evolving market environment? 

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Ian Harnett, PhD, Co-Founder, Chief Investment Strategist, Absolute Strategy Research | Ian discusses his views on Canadian PM Mark Carney’s remarks about a global ‘rupture’, the ‘weaponisation of capital’, how investors can respond to a world of increased ‘state capitalism’ and unpacks what a world of more ‘inflation tolerance’ means for Australian institutional investors.

Listen to the full interview which covers:     

- Does ASR believe Canada’s Prime Minister, Mark Carney when he talks about a global ‘Rupture’?

- What do we mean by the ‘weaponisation of capital’ leading from ‘weaponised trade’?

- How can institutional investors respond to a world of increased ‘state capitalism’?

- Are we seeing a broader regime change in institutional investing styles?

- What does a world of more ‘inflation tolerance’ mean for Australian institutional investors?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Denis Cole, Director of Credit, Head of Portfolio Specialist Group, PGIM | Denis discusses multi-sector credit, including how and when best to allocate to a multi-sector credit mandate, appropriate benchmarks to use and what asset owners should look for in a manager when they are assessing their aptitude for a multi-sector credit mandate. He also shares his perspectives on subsectors of credit markets where he sees attractive relative value.

Listen to the full interview which covers:     

- When should an investor choose a broad multi-sector credit mandate versus allocating on a single sector basis?

- Are there structural opportunities in a multi-sector credit mandate or is the benefit in rotating sectors based on relative value?

- What are the skills an asset owner should look for in a manager when assessing its aptitude for a multi-sector credit mandate?

- What is a good benchmark for a multi sector credit mandate / portfolio?

- Are there particular subsectors of credit that stand out in terms of great relative value?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.

Pauline Wetter, Partner, LGT Capital Partners | Pauline discusses the drivers behind the slowdown in private equity (PE) exit activity and the growing role of secondaries in the PE landscape, including her key lessons learned over the years investing in secondaries and what it takes to achieve PE investing.

Listen to the full interview which covers:     

- Investors have been disappointed with the amount of distributions from PE over the last few years. What do you think are the main reasons for the slowdown in exit activity?

- How has the slowdown in exit activity affected the way you are building portfolios?

- What are the key pillars required to be successful in PE investing?

- Secondaries have become a big part of the PE landscape. Are you concerned the growth is unsustainable?

- What are the key lessons you’ve learned over the years investing in secondaries?

Disclaimer

The views and opinions expressed in this recording are those of the individual contributors and their respective organisations at the time of recording. They do not necessarily reflect those of Global Investment Institute (GII). These views are not intended to be, and should not be construed as, investment advice or research. They are subject to change without notice, and no representation is made as to their ongoing accuracy or reliability. Forecasts, forward looking statements, or opinions are inherently uncertain and based on assumptions, risks, and external factors which may change over time. The individuals interviewed have no obligation to update any statements made.

International investments carry additional risks, including potential loss of capital, currency fluctuations, differences in accounting standards, and economic or political instability.

All information contained in this recording is general in nature and does not take into account the financial objectives, situation, or needs of any individual or organisation. It should not be used as the sole basis for making investment decisions. GII strongly recommends seeking independent, fee-for-service financial advice before acting on any information contained herein.

Contributors, guest speakers or interviewees may hold personal or professional financial interests in the investments discussed. The editorial team has assessed that these interests have not influenced the content of this recording.

All content featured in this recording is protected by copyright. No part may be reproduced, distributed, or transmitted in any form without prior written permission from the Global Investment Institute.