Issue - meetings
MARKET OUTLOOK AND SMART BETA PRESENTATION
Meeting: 30/06/2016 - Pensions Committee (Item 8)
MARKET OUTLOOK AND SMART BETA PRESENTATION
Minutes:
In the absence of Mr Haines, the Investment Adviser to the Committee, Ms Tobun the Investment and Treasury Manager delivered the presentation on Mr Haines behalf. The presentation gave a summary of what Smart Beta is and a summary of market conditions in the current period.
The Committee heard that;
· Factors are the underlying drivers of the risks and return of an asset class
· Factors like styles and markets are cyclical
· Absolute volatility maybe lower, but relative volatility is higher
It was
RESOLVED
· That the contents the presentation be noted.