The Lander Report - Market & Portfolio Insights

Welcome to the latest edition of The Lander Report.

Now is one of the most decisive points for investors in several decades. The environment has structurally changed and won’t return to what’s been considered normal. 

In this detailed analysis by Dr Jerome Lander, you’ll hear the full story with compelling clarity, logic and insight.  

• The extent of change 
• The factors driving change 
• The future for inflation 
• Short and longer-term concerns 
• The case for bull and bear market scenarios 
• Dynamic Asset’s position on bull vs bear 
• Dynamic Asset’s management approach 
• A look at the context provided by The Future Fund. 

Not for the faint-hearted, this edition of the Lander Report is essential viewing for financial advisers and engaged investors.  

Dr Jerome Lander’s key insights:

• After decades of disinflation, reducing interest rates, stable geopolitics, a focus on globalised economic efficiency and generally favourable conditions, the environment for investors has changed and will not return to what’s been considered normal anytime soon.
• The drivers of change are tightening liquidity, higher interest rates, higher inflation, geopolitical frictions, de-globalisation, a focus on economic resilience and the energy crisis.
• While various inflation outcomes are possible, there are long-term structural inflationary pressures. A likely economic outcome is stagflation with sustained low productivity and high inflation.
• A bull market scenario is possible but relies on a distinct change in current central bank policies.
• Bear market scenarios are more likely, with the possibility of acute falls and a sovereign debt crisis. 
• It’s time to build better-diversified portfolios with higher allocations to alternatives, assets that can perform in an inflationary environment with less reliance on simple equities and bonds.
  
• A dynamic asset allocation approach is needed to adapt to a future, even imminent crisis, and take advantage of the opportunities it provides by making meaningful asset allocation shifts in real-time.

About Dr Jerome Lander and Dynamic Asset

Dr Jerome Lander is responsible for asset allocation, fund manager selection and portfolio construction of Dynamic Asset's Goals Based Portfolios. 

Dr Lander is well known in the institutional investment community. His 20 years of experience in asset management and investment strategy demonstrate his strong capabilities in multi-asset class investment management.

He was the Chief Investment Officer of the WorkCover insurance fund where he was responsible for managing a $12 billion institutional investment fund, reporting to the Investment Board. In that time, the investment fund ranked as the best institutional investment fund of its kind in Australia and the best performing of all Mercer’s (nearly 100) institutional clients.

Jerome has also been a Director of Investment Consulting for Russell Investments, a Diversified Assets Portfolio Manager at Credit Suisse and Head of Manager Research for Van Eyk. Jerome has also served as a Board member for the Investment Management Consultants Association (IMCA).

If you would like to find out more about Dynamic Asset's Managed Account Services under the direction of Dr Jerome Lander contact Dynamic Asset today.

Disclaimer 

This material has been prepared by Dynamic Asset Consulting Pty Limited (ABN 82 079 145 298, AFSL 502623) of Level 20, 56 Pitt Street Sydney NSW 2000. Any content provided in this Report is for general information purposes only. It is not personal advice and does not take into account the investment objectives, financial situation or needs of any person. Please seek specific advice before making a decision in relation to any investment. Before making any decision about any product you should obtain a Product Disclosure Statement (PDS) or Investment Mandate (IM) document for further information. A copy of our PDS or IM is available from your adviser or by contacting us through our website at www.dynamicasset.com.au 

The information is provided in good faith and we do not make any representation or warranty as to its accuracy, reliability or completeness. Any information contained in this presentation is subject to change without prior notice by Dynamic Asset Consulting and Dynamic Asset Consulting is not obliged to update any information. References made to any third party or their data is based on information that Dynamic Asset Consulting believes to be true and accurate as at the date of this Report but without independent verification. All information provided in this Report is correct as at the date of this Report. To the extent permissible by law, we do not accept any responsibility for any error, omission, indirect or consequential loss or damages (whether arising in contract, tort, negligence or otherwise, in any case whether foreseeable or not). Any person receiving this document should rely and act on that basis and entirely at his / her own risk. 

Past performance is not a reliable indicator of future performance. The value of an investment may rise or fall with the changes in the market. Returns are not guaranteed and actual returns may vary from any target returns described in this communication. Unless stated otherwise Dynamic Asset Consulting returns are net of all asset manager, program adviser and administration fees. The measure of inflation is the Consumer Price Index, calculated by the Australian Bureau of Statistics. Where the official number was not available at the time of publication a proxy CPI value has been calculated. 

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