Alfonso Ricciardelli

Alfonso Ricciardelli

Investing skill is about constructing portfolios that are aligned with one’s objectives, constraints and tolerance for uncertainty.
INSIGHTS FROM CFA SOCIETY SINGAPORE

What retail investors should focus on: stable market principles

They can also rely on technology to build a strategic allocation that is aligned with their needs

While synthetic risk transfers are more standardised and transparent than pre-2008 collateralised debt obligations, their bespoke nature and limited public disclosure still make some observers uneasy about assessing the true distribution of risk.
INSIGHTS FROM CFA SOCIETY SINGAPORE

How scary are synthetic risk transfers?

The scepticism about them is a form of post-traumatic stress from the financial crisis; the moral hazard today is lower than before 2008

The idea of committing capital for five to seven years without an exit option feels uncomfortable to many.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Private credit needs a secondary market

Such markets address illiquidity fears known to plague investors in Singapore and the Asia-Pacific

The rise of online lending platforms has democratised access to credit, enabling consumers to secure loans with greater speed and convenience than ever before.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Consumer lending unlocked: Opportunities and risks in a US$27 trillion market

CONSUMER lending has become one of the most dynamic segments in private markets, evolving rapidly alongside advancements in technology and shifts in consumer behaviour. With a market size of US$27 tri...

Financing for wind and solar projects, energy storage, and electrification infrastructure is becoming a focal point for investors.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Infrastructure debt: Unlocking investment opportunities in a transforming economy

Private infrastructure debt typically invests in regulated assets with inelastic demand, in either monopolistic or quasi-monopolistic markets

Retail investors are trading speculative investments such as binary options and cryptocurrencies. Though liquid, these assets are complex, risky and no safer than the options in private markets.
INSIGHTS FROM CFA SOCIETY SINGAPORE

Illiquidity may be a blessing in disguise for some retail investors

For those with adequate income and investment knowledge, the constraints of illiquid assets can serve as a valuable discipline

“Anti-skilled” finfluencers have more followers and more influence than skilled financial content creators, according to a recent study.
INSIGHTS FROM CFA SOCIETY SINGAPORE

The power of clicks, likes, and shares: Promote the right kind of financial content

FINANCIAL influencers, aka finfluencers, have amassed an enormous following on social media, particularly among Gen Zs aged 18 to 25. Some finfluencers leverage social media to promote sound financial...

Only a small minority of retail investors make money through day trading – between 10 and 30 per cent every quarter.
INSIGHTS FROM CFA SOCIETY SINGAPORE

A case for broadening retail access to private markets

A more balanced investment strategy that includes private market allocations can potentially offer a more stable and diversified portfolio