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Monday 23 February 2009 - Pre Conference Masterclass
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| The use of ETFs to construct low-cost, diversified investment portfolios |
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10am | Registration for the masterclass will be at 9.30am; the masterclass will commence at 10am. Morning and afternoon refreshments as well as lunch are scheduled in the day’s proceedings.
The soaring number of exchange traded funds and related instruments available provide investors with incredible choices and fl exibility. But with so many new options, comes added complexity: How can investors decide which funds are right for their portfolio while minimising investment costs? How will ETFs improve investment performance?
This masterclass will provide a primer on portfolio theory to better understand the basics of indexing and the many benefi ts of exchange traded funds. It will also include a practical discussion on constructing a portfolio using exchange traded funds.
Masterclass agenda:
- Overview of Indexing with ETF's
- Looking at the basic structure of an ETF
- How to build diversifi ed portfolios using ETF's
- How to research ETF's • Option Strategies using ETF's
- How ETF products will evolve into the future
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Tuesday 24 February 2009 - Conference Day One
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8am | Registration, morning coffee & tea
Hosted by:
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9am | Chairperson welcome remarks
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| Realising the full potential of the Asian ETF marketplace and profiting from its growth story |
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9.15am | Keynote: Exchange Traded Funds - Reaping the benefits of active management through the use of passive instrument
- Exchange Traded Funds - how do they work?
- Overview of the global ETF market - how fast will it grow?
- Special views on Asia - how does investor sophistication fuel further demand for more ETF products in the region?
- Performance improvement with Exchange Traded Funds - what are the strategies?
- Swap based Exchange Traded Funds - what are their benefits?
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10am | Special Address: Outlining the needs of Asian institutional investors and how it will encourage index investments in becoming a bigger part of the investment scene in the region
- Examining how liquidity flows in the global markets have changed the allocation patterns of Asian institutional investors and discussing how investors can take advantage of the volatility in the markets
- Exploring alpha–beta separation and to assess the implications on allocating to different asset classes and untapped emerging and frontier markets
- Analysing value added ETF investment strategies to diversify across multi-asset classes and new sectors
- How are Asian investors currently using ETFs in their portfolios to increase returns while cutting costs?
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| | Ms Ser Sze Puah, Practice Leader Investment Consulting, Watson Wyatt Worldwide
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10.30am | Morning networking refreshments
Hosted by:
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| Understanding ETF liquidity issues and improving liquidity in its underlying markets |
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11.10am | Exchanges panel: Unveiling new developments from exchanges in spurring the growth of the Asian ETF industry
- Outlining incentives and measures for market makers to boost trading volumes and liquidity in the markets
- Updating foreign ETF providers and asset managers on current regulations and how it may affect their new ETF product launches
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| | Mr K Sree Kumar, Head, Market and Product Development, Bursa Malaysia Berhad Ms Mina Wang, VP for Corporate Planning and Communications, , Taiwan Stock Exchange Corporation Moderator: Mr Kevin Hardy, Head of Northern Trust Global Investments, Asia Pacific , The Northern Trust Company
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11.50am | Understanding the challenges of ETF Liquidity and Market
Making
- What is the real liquidity of an ETF and why are Market Makers needed for ETFs?
- Market making contributions
- Understanding the mechanisms behind market making
- Learning the tips & tricks of trading overseas ETFs
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| | Mr Joseph Ho, Managing Director & Head of Exchange Traded Funds, Lyxor Asset Management
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12.20pm | Networking lunch
Hosted by:
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1.30pm | Keynote: How can Asian capital markets profit from the reshaped investment landscape that is caused by the global credit
bubble and the economic crisis
- Evaluating the global liquidity crunch and how it has shaken the economic growth in Asia
- Analysing the potential impact of the anticipated global economic slowdown and how Asian markets are vulnerable over the next twelve months
- Identifying where is the best investment themes and opportunities for investors to enhance portfolio returns
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| | Mr Jimmy Koh, Head of Economics-Treasury Research, United Overseas Bank (UOB) Group
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2pm | Identifying the key factors in driving the ETF business forward in a challenging market environment. How can investors capture investment opportunities, enhance returns and diversify the risks?
- Exploring the relationship between industry players and how their role contributes to the success or failure of the launch of an ETF product
- Why are some investors skeptical about passive investments and how are distributors encouraging them to use ETFs as a low cost liquid tool to tap a wide array of asset classes?
- Recognising the liquidity challenges of a market maker in volatile markets and how they are finding ways to overcome these challenges
- Examining indices as underlyings for ETFs
- How do market makers price the basket of securities and provide price discovery in the marketplace?
- Identifying the key performance factors sought by investors when investing in ETFs
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| | Mr Kevan Hull, Head of Business Development and Marketing, Saxo Capital Markets Pte Ltd Mr Oliver Kilian, ETF Advisory & Trading – MMT2ET, UniCredit Markets & Investment Banking Mr Olivier Paquier, ETF Product Specialist, CASAM ETF, Credit Agricole Structured Asset Management
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| Portfolio reconstruction to incorporate different ETF asset classes and themes |
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2.40pm | Keynote: Portfolio construction: Achieving strategic and tactical asset allocation by incorporating ETFs to gain asset class and thematic exposure
- Identifying who are the current users of ETFs and assessing how the demand and supply of the ETF industry will evolve over the next few years
- Highlighting the wide spectrum of investment applications of ETFs to identify which strategy is best for you
- How are private banks, asset managers and pension funds utilising ETFs to complete portfolios, implement TAA models and core satellite strategies as well as gain international diversification under challenging market conditions?
- Assessing the future growth potential of funds of ETFs – Will this latest development take off in Asia?
- Comparing the use of ETNs and ETFs in capturing returns and diversifying risk
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| | Ms Deborah Fuhr, Global Head of ETF, Research and Implementation Strategy, Barclays Global Investors
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3.10pm | Analysing Islamic ETFs and to assess why this asset class is becoming attractive to investors
- Updating on regulatory incentives to further develop Islamic investments around the region
- Comparative performance of the conventional indices with Islamic indices in Asia
- Examining Islamic ETFs with conventional ETFs and to understand how the fundamental differences are capturing the attention of global managers and investors
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| | Mr Ariff Sultan, Business Development Director, Asia & Islamic, Dow Jones Indexes
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3.40pm | ETF vs. ETN: Identifying the risk of ownership
- Comparing and contrasting the benefits and liabilities of the ETF and ETN structure
- Lehman ETN case study: Assessing the risk of both the investment and the creditworthiness of the ETN issuer to protect investors' investments
- The usage of ETNs - what are the benefits of including ETN's in a portfolio?
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4.10pm | Speed networking
 Much like speed-dating, through a rotating cocktail table format, you will get the opportunity to meet all of your fellow conference delegates and industry peers face-to-face in just 20 minutes. Bring plenty of business cards along for a fast and furious interactive session. The best networking session you’ve ever experienced!
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4.30pm | Networking afternoon refreshments
Hosted by:
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| Accessing Asia’s emerging markets to reveal new avenues for diversification |
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5pm | Understanding the investment climate of Asian frontier
markets like Thailand and why ETF investing is one of the best ways to gain exposure to these hard to access markets
- Analysing how Asian frontier markets can possess strong economic growth potential and attractive valuations to investors seeking for portfolio diversifi cation
- Revealing risks in frontier markets: under capitalisation, weaker regulatory frameworks and liquidity issues
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5.25pm | Ascertaining India’s indexing and ETF sectors as a cost effective beta solution and liquidity management tool to investors and asset managers investing in India
- Exploring India’s economic growth story to unveil investment opportunities
- Navigating the current ETF landscape in India to understand why ETF and index funds are slow in taking off
- Analysing regulatory restrictions, tradability and operational effi ciencies of ETFs in India
- Examining investors concerns in indexing investments to provide global funds houses and new local entrants compelling incentives for setting up ETFs in India
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5.45pm | Chairman’s closing remarks of Day One
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6pm | Cocktail reception
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Wednesday 25 February 2009 - Conference Day Two
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8.15am | Registration, morning coffee & tea
Hosted by:
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9.15am | Chairman's welcome and opening remarks
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| Spotlighting on Asian growth stories to identify the key drivers for the industry to reach a sustainable size |
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9.25am | Country focus on Japan:
Tracking the resurgence of the largest ETF market in Asia and assessing how Japan is now in a better position to provide investors with highly liquid innovative products
- Updating on the changes in Financial Instruments and Exchange Law and how it will affect index providers, ETF issuers and new entrants in their designing and marketing of ETF products in Japan
- Examining how online brokers are muscling their way into the ETF industry to provide fresh liquidity to the sector
- Observing how local investors are utilising ETF as a low cost investment tool in their portfolios to gain exposure to international markets
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| | Mr Hideo Shirota, General Manager, Product Planning Division, Mitsubishi UFJ Asset Management Co., Ltd
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9.50am | Country focus on South Korea:
Investigating why South Korea is becoming attractive to foreign managers and investors to generate innovative products in the indexing investment space
- Identifying the key success factors of the competitive Korean ETF market
- What are the implications of South Korea’s upgrade to developed markets status? Will other index providers follow suit?
- Assessing local investors appetite for passive investments and to reveal the implications for ETF issuers in designing new products
- Predicting how the Financial Investment Services and Capital Market Act may affect foreign and local asset managers, index providers and ETF issuers in developing new products
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| | Mr Joo Young Yun , Head of Indexing Management , Alternative Investment, Woori Credit Suisse Asset Management
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10.15am | Country focus on Taiwan:
Examining how Taiwan is gravitating towards ETF investing to increase liquidity in the local market
- Outlining the driving force behind Taiwan Insurance Bureau’s approval for insurers to begin ETF investments to further develop the local ETF market
- Opening up the offshore ETF sector to the local insurance companies to expand their sources of beta and improve liquidity management
- Assessing the recent deregulation in launching ETFs to stimulate the entry of global players to the Taiwanese ETF market
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| | Mr Rudi Tung, Head of Global Business Development, Polaris International Securities and Investment Trust
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10.45am | Morning networking refreshments
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| Constructing an innovative index for benchmarking performance of global portfolios |
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11.20am | Crystallising the benefits of the indices and ETF revolution in Asia
- Exploring the use of index-linked structured products for Asian investors to diversify risk
- Evaluating the performance of regional indices to access Asian markets
- Enhancing investors global equity allocation through alternative and fixed income indices to tap into new asset classes
- Assessing hot innovations: Will multi-manager and multi-asset ETFs be the next hot themes in Asia?
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| | Mr Reid Steadman, Senior Director - Global Head of ETF Licensing, Standard & Poor's
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11.50am | The road from emerging to developed markets status - Why is this journey bumpier than you might guess
- Comparing the inconsistent definition of developed and emerging by different organisations and understand why this is making headlines recently
- What does it mean to achieve ‘developed markets’ status and how does this impact the country and the global economy?
- Analysing the passive money inflow/outflow for developed markets candidates: South Korea and Taiwan
- Identifying the challenges that exist when managing an ETF against a global equity index
- Examining the important role that style analysis play in improving performance of global portfolios
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| | Ms Xin Yan, Senior Research Analyst - Russell Indexes, Russell Investments
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12.15pm | Alternatively - weighted versus market capitalisation-weighted indexes: Which is the better methodology for benchmarking and passive investing?
- Passive investment performance - Which approach will outperform over the long term?
- Benchmarking - Which index is the appropriate choice for measuring active manager skill?
- Measurement - Which index measures the aggregate wealth fluctuation more sensibly?
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12.39pm | Interactive roundtables
These interactive and concurrent roundtable discussions are designed as a platform for brainstorming, strategizing and sharing of ideas and solutions. Delegates can pick and choose which roundtable addresses their specific concerns. Debate topics and generate ideas!
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12.40pm | Table A:
Assessing the impact that UCITS lll has on the European ETF market and how this will benefit Asian investors and managers |
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12.40pm | Table B:
"Fixed Income and Credit ETFs - What's in store for 2009?" |
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1pm | Networking lunch
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| Tracking Asian investor's growing use of ETFs in current market conditions |
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2pm | Financial Planners panel: Analysing HNWI’s investing behavior and asset allocation patterns to integrate ETFs as an invaluable and strategic investment tool
- Understanding Asian HNW investors appetite for active and passive investments to identify investment gaps in their portfolios
- Comparing and contrasting various ETF products to understand which ETFs satisfy HNWI investment needs
- Recognising the innovative ways to use ETFs as an asset strategy for HNW portfolios to lower cost, reduce risk and enhance returns
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2.40pm | Case study: Building a better portfolio through the use
of passive investments to take advantage of market
fluctuations
- Predicting which asset classes and markets will outperform over the next 12 months to improve portfolio diversification
- Evaluating the portfolio's performance and allocation
- Focusing on reducing risk
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3.10pm | Evaluating the usage of index funds to improve asset quality and investment performance of insurance companies to remain competitive in today's environment
- Discussing the investment objectives of insurance companies to match assets and liabilities
- Pinpointing problems insurers face in their existing investments and demands for higher yield to cover tomorrow's claims
- Highlighting the advantages and disadvantages of using index funds to diversify to new asset classes
- Recommending key factors for insurers to consider before investing in index funds to boost portfolio returns
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3.40pm | Afternoon networking refreshments
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| Highlighting how sophisticated indexes and innovative ETF products will fuel the growth of the Asian ETF space |
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4.10pm | Case study: SRI indexes in Asia Pacific: Discussing the challenges in rating good CSR companies and tracking their performance
- Analysing the size and potential of Socially Responsible Investment (SRI) in Asia
- Can we find workable portfolios of Good Corporate Social Responsibility (CSR) Companies in Emerging Asia?
- How can we rate Asian firms and how do they compare to Europe and the US?
- How have Asian SRI Indexes compared to the benchmarks?
- Prospects and challenges going forward
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4.40pm | Panel: Analysing the future of the Asian ETF industry to stimulate the innovative wave of index and ETF products
- Seeing how and where the fast-moving ETF industry is evolving
- Assessing what’s in the pipeline in the short and long term
- Analysing the possibility of creating mixed-asset indices for new index-linked products
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| | Mr Oliver Kilian, ETF Advisory & Trading – MMT2ET, UniCredit Markets & Investment Banking Ms Ser Sze Puah, Practice Leader Investment Consulting, Watson Wyatt Worldwide Moderator: Ms Deborah Fuhr, Global Head of ETF, Research and Implementation Strategy, Barclays Global Investors
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5.20pm | Chairman’s closing remarks and end of conference
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Ser Sze Puah,
