13 Trends Significantly Impacting the Investment Profession (and current links to relevant information on them)
Benjamin Graham once said that the true investment professional would "develop a more professional attitude towards his work and a keener interest in maintaining and advancing the standards of his calling." Those standards continue to advance, as most investment professionals can attest.
To keep the CFA program current and relevant, CFA Institute continuously interviews investment management practitioners, employers and regulators through its practice analysis. The 2017 practice analysis identified 13 trends likely to have a significant impact on the investment profession over the next three years. As I advance my own knowledge of these trends I will try to share links to interesting resources in posts like this one. Opinions expressed are mine, not those of CFA Institute. Whether you find them useful or can suggest improvement, please let me know (both so I can learn more and so I can make these posts more useful to others.)
The impact of regulation on investment decision making
- MiFID II causing more firms to bear the cost of external research
- Legal is not necessarily ethical
- Companies should make better use of structured data (XBRL)
The role of "big data" in financial analysis
- A curated list of AI and machine learning resources
The effects of the low/negative interest rate environment
- A 5,000 year low?
The effects of pension funding shortfalls
The use of robo-advisors in private wealth management
Increased global demand for alternative investments
- Alternative risk premia and how to access them
Risk factor asset allocation approaches
- The complete guide to factor-based investing
The need for investment managers with fintech skills
- The skills asset managers are looking for now
- Fintech and Regtech in a nutshell
- Beyond fintech: Disruptive potential in financial services
The need for investment managers with soft skills
- Clients value "people they can count on" more than "brands they trust."
- Time tested techniques for gaining influence
"Smart Beta" strategies
Greater demand for active investment management
The role of ESG factors in investing
- Should ESG start with G?
- Will Norway shift investments from oil to renewables?
- Progress is driven by the people who own the assets
- Do ESG reporting initiatives meet investor needs?
The importance of understanding financial market history
- Knowing history has advantages and disadvantages
- Financial Crises: Lessons from history
- A History of the United States in Five Crashes
Anything else I should be reading?
Photo by htmvalerio