PLOT A ROUTE TO SUCCESS IN THIS EXTENDED CYCLE
As the post-global financial crisis cycle enters its tenth year against a benign economic backdrop, the primary risk to investor optimism would seem to be the pace and scale of any shift from easing to tightening by central bankers. Market expectations of an extremely gradual approach to "normalization" may be tested by the emergence of inflationary pressures as many developed economies reach secular lows in unemployment rates. The recent period of extremely low market volatility will ultimately be challenged either by “internal” economic forces, including technological developments, or “external” political events. Increases in volatility will create both risks and opportunities for investors.
Success will mean very different things to different investors. For this reason, a clear articulation of an investor's beliefs, objectives, and constraints is essential to effective governance and decision-making. For long-term investors, beliefs should extend beyond traditional risk and return considerations to include stewardship and ESG issues. Mercer Global Investment Forums 2018 considers both the wider market forces as well as investor-specific issues that we think will help investors plot a course towards long-term success.
Mercer Global Investment Forums provide the setting for stimulating and informative discussions on the economy, institutional investments, pension plan management, and more. Over the years, we've had hundreds of institutional investors, asset and fund managers, and Mercer investment professionals come together to connect, learn, and share.
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Mike Walsh is the CEO of Tomorrow, a global consultancy on designing business for the 21st century. He advises leaders on how to thrive in the current era of disruptive technological change. Mike previously founded Jupiter Research in Australia, and has also held senior strategy roles at News Corporation in Asia. Mike's best-selling book FUTURETAINMENT, published by Phaidon was the winner of the design award by the Art Director's Club in New York. His new book is the Dictionary of Dangerous Ideas.