08:00–09:00

Registration & Networking Breakfast Mark Costar, Fund Manager, JO Hambro Capital Management

12:05 –12:40

The Future of Passive InvestingIn this one-on-one conversation, Mark Zinkula will

discuss the evolution of passive funds and their

growing prominence in the European asset

management industry. He will also address the

importance of corporate governance and why

passive fund managers like LGIM are increasingly

taking an active role in the oversight of companies.

Mark Zinkula, CEO, Legal & General Investment Management; Interviewed by: Hortense Bioy, Director, Passive Strategies, Europe, Morningstar

12:40 –13:55 Networking Lunch

15:05–15:40

Political Volatility in the West–explaining the change In this talk, Matthew Goodwin will examine the key

macro political trends in the West, covering Brexit,

the rise of populism in Europe and the state of public

opinion. Matthew will look back on the key

upheavals of recent years, explaining where many

observers went wrong, and look ahead to key events

on the landscape. He will put forward his thesis for

why the status quo is being challenged and what

lies ahead for those in business, media and politics.

Matthew Goodwin, Professor of Politics, Rutherford College, University of Kent

16:05–16:40

ESG and Carbon: deliver better investor outcomes and grow your practice Haywood Kelly, Morningstar’s Head of Global

Research, will address how ESG and carbon are

potential game-changers that can help advisers

deliver better investor outcomes and grow their

practice. As investors place greater importance on

the sustainability practices of the companies in their

investment portfolios and the world transitions to a

low-carbon economy, Haywood will share how

Morningstar is helping investors achieve impact with

their investments alongside their financial returns.

Morningstar® Investment Conference

London 2018

Haywood Kelly, Head of Global Research, Morningstar

15:40–16:05

Networking Coffee Break

Royal Lancaster Hotel, London, 1-2 May 2018

Register or visit our website

09:00–09:10

Welcome Address

Connor Sloman, Head of Product Management and Solutions – EMEA, Morningstar

09:10–09:45

The End of Cheap Money–implications for capital preservationSebastian Lyon will discuss the prospect of the

end of Quantitative Easing and its implications for

the wider economy.

Sebastian Lyon, Founder & CIO, Troy Asset Management

09:45–10:20

A Short-seller Meets with SocratesMoral philosopher Socrates was famous for his

argumentative, but also co-operative, dialogues. These

involve asking and answering questions to stimulate

critical thinking and to draw our ideas and underlying

presumptions. So, what would Socrates make of short-

sellers and absolute return funds today? Socrates

questions whether these are indeed exceptional times

in markets, finds out what is working, and asks if

absolute return funds are suited to the market regime.

James Clunie, Fund Management Director, Jupiter Absolute Return

Matthew Vaight, Fund Manager, M&G

10:20–10:55

Emerging Markets Investing–can the good times continue?Matthew will outline his value orientated approach to

emerging markets investing. He will discuss the

current market environment outlining what has been

behind recent market moves and how that has

resulted in a very wide range of valuations across the

emerging market universe and why he believes the

outlook is positive for emerging market equities.

11:30 –12:05

Investing in Truly Extraordinary TimesMark will cover three dynamic themes; capital

misallocation and myopic corporate behaviour, the

changing rules of price formation and most

profound technological revolution ever. They can

frequently be side-lined in favour of macro-

economic, market or political procrastination and

in our opinion, this is potentially a big mistake.

13:55 –14:30

The Generation GapThe baby-boomers are a gifted generation - and

Millennials have never had it so bad. Or so the

rhetoric goes. But how true is this assumption?

We examine how interest rates, house prices and

financial literacy have changed over the past 50

years, and ask what the financial services industry

can do to tackle this inequality.

Claire Felgate, Head of UK DC, BlackRock; Gregg McClymont, Retirement Head, Aberdeen Standard Investments; Rachel Winter – Senior Investment Manager, Killik & Co; Moderated by Emma Wall, Senior International Editor, Morningstar

14:30 –15:05

How Global Technology Trends Can Impact Adviser BusinessesMiFID II has increased the focus on cost of investing

and the need to illustrate value to the end investor.

This session will cover the global technology trends

and how they are helping advisers prove their worth.

16:40–17:15

The Impact of Climate Change on Investing What are the impacts of climate change that

investors should take into account both in the U.K.

and elsewhere? How will they be likely to be

reflected in legislation and regulation and what are

the reputational and public issues that may affect

the value of investment.

The Rt Hon. John Gummer, Lord Deben, Chairman, Personal Investment Management & Financial Advice Association

17:15 –17:20

Jonathan Miller, Director, Manager Research Ratings, UK, Morningstar

17:20-19:00Drinks Reception

Ian Mckenna, Director, Finance & Technology Research Centre10:55–11:30

Networking Coffee Break

Day 1, Tuesday 1 May

Closing Remarks

08:00–08:55

Registration & Networking Breakfast 10:45–11:15

Networking Coffee Break

Martin Skanberg, Fund Manager, Schroders

11:15 –11:50

Your Guide to the MarketsKaren Ward, J.P. Morgan Asset Management's

Chief Market Strategist for the UK and Europe will

explore the key trends and themes that are likely to

shape global markets. She will also share her

unique perspective on the key issues that you and

your clients should be aware of.

Karen Ward, Chief Market Strategist, J.P. Morgan Asset Management

13:00–14:00

Networking Lunch

13:15–13:45

Breakout Session: Morningstar Real Return Portfolios–Aligning investment outcomes with investors' goals What is the best approach for investors to reach

their goals? Outcome-based investing is no longer in

its infancy, it is gaining in popularity due to its

distinctive approach that differs from traditional

multi-asset funds. Emma Morgan and Mike Coop,

portfolio managers of the Real Return range at

Morningstar, explore this development, highlighting

why outcome-based multi-asset portfolios can

deliver smoother investment returns over the long-

term whilst aligning nicely to client goals.

Morningstar® Investment Conference

London 2018

Emma Morgan, Portfolio Manager, and Mike Coop, Head of Multi Asset Portfolio Management, Investment Management group, Morningstar

Royal Lancaster Hotel, London, 1-2 May 2018

Register or visit our website

Day 2, Wednesday 2 May

08:15–08:45

Breakout Session: Fireside Chat with Sarah SoarLiz Field, Chief Executive of PIMFA, will lead a

conversation with Sarah Soar, Head of Investment

Management at JM Finn. Sarah and Liz will discuss a

broad range of topics that she feels passionately

about, from career development to navigating the

changing dynamics within wealth management and

adjusting advice to meet the differing demands and

expectations of a 'new breed' of client.

Sarah Soar, Head of Investment Management, JM Finn; Interviewed by: Liz Field, Chief Executive, PIMFA

09:00–09:35

Sources of Sustainable AlphaA discussion focused on the importance of investment

philosophy and process. Mr. Hamzaogullari will

discuss the role of investment team, culture, time

horizon, approach to risk and behavioural finance in

equity investing and alpha generation.

Aziz Hamzaogullari, CFA, Vice President and Portfolio Manager, Loomis, Sayles & Company, L.P.

10:10 –10:45

European EquitiesIs European equities a sound long-term investment?

This is a question frequently asked by investors and

well known to Martin Skanberg, Fund Manager of

the Schroder European Fund. Martin will cover the

short-term challenges faced by European investors

but also the long-term opportunities.

11:50–12:25

The Biases Advisers FaceWe all know that investors face common behavioral

challenges in investing: from over-confidence to

confirmation bias. In recent years, there has been a

slew of research concerning the biases that advisers

exhibit as well. Although advisers and other

professionals are highly trained and skilled in their

trade, they are not immune to the everyday

behavioral biases we all face. This presentation takes

an in depth look at how advisers can leverage this

knowledge to be more successful in their businesses.

Stephen Wendel, Head of Behavioural Science, Morningstar

14:35–15:20

Life and Death ListeningHow can you achieve more by doing less? Richard

Mullender, a former hostage negotiator, will cut

through the noise so that you leave this session

knowing exactly how to understand and influence

your clients quickly. With modern technology

changing how we interact, Richard will show you

how to get the most out of the time you have with

your clients, so that you genuinely understand what

makes them tick. Expect an interactive and

enlightening session!

Richard Mullender, Founder, Mullender's

Jonathan Miller, Director, Manager Research Ratings, UK, Morningstar

08:55–09:00

Welcome Address

Jonathan Miller, Director, Manager Research Ratings, UK, Morningstar

09:35–10:10

The Benefits of Diversified IncomeAs the growth of the global economy continues to

strengthen, global monetary support is fading and

volatility is likely to increase, requiring fixed income

investors to be more flexible in their search for

attractive income without overreaching for yield.

Eve Tournier, Head of European Credit Portfolio Management, PIMCO

12:25–13:00

AI & Opportunity: harnessing technology for competitive advantageWith the rise of biometrics, chatbots and digital

assistants, most think we are now living in the AI age.

The truth is that this is only the very beginning of this

era, and we have a long, long way to go before we hit

human-level AI. Companies are already working out

ways to gain significant advantage over their

competitors using big data, machine learning or

artificial intelligence – or all three.

Jeremy White, Product Editor, WIRED Magazine

14:00–14:35

Blockchain: evolution or revolution?Bitcoin and blockchain are among the hottest topics

in the financial services industry. Does this

technology have the potential to disrupt existing

business models, or will companies use it to cut costs,

improve services, and widen economic moats?

James Sinegal, Senior Equity Analyst, Morningstar

15:20–15:30

Closing Remarks