Appian Investment Seminar, May 3rd 2018
Back to the Future - Again !
There was a great attendance at the annual Appian Investment Seminar on the evening of May 3rd last at the Royal College of Physicians of Ireland.
Titled “Back to the Future – Again”, the seminar explored some economic and market factors which the asset managers believe are moving back to more normal levels – and the implications this will have for investing. CEO Patrick Lawless opened the evening highlighting where he believed there was a major transition coming up in the areas such as inflation, interest rates and bond yields. Eugene Kiernan, Head of Investment Strategy, continued this theme noting that as the outlook for growth was still very positive, our portfolios had a “pro-growth” tilt with good exposure to real assets. But in the face of some degree of higher inflation and interest rates (especially in the US), Appian had cut its exposure to bonds.
Keynote speaker Danny McCoy, CEO of IBEC, delivered a bravura presentation highlighting the underlying improvements we had seen in the Irish economy and noted the impact of global changes in taxation policies on our local finances. Danny stressed the need to invest appropriately in areas such as infrastructure and also to maintain our competitiveness in a very dynamic global environment.
There was a wide range of questions from the audience covering such ground as global debt, our place in Europe and the impact of Brexit.
All in all – a good evening!