Episode 61: 2023 Update on PWL’s Expected Returns and a Review of Professor Scott Cederburg’s paper on life cycle asset allocation.

2023 Update on PWL’s Expected Returns and a Review of Professor Scott Cederburg’s paper on life cycle asset allocation.

By JAMES PARKYN & FRANÇOIS DOYON LA ROCHELLE

In this Episode, James Parkyn & François Doyon La Rochelle discuss the updated PWL long term expected returns on asset classes with PWL’s senior researcher Raymond Kerzérho.

Then, they review with him a research paper from Professor Scott Cederburg on life cycle asset allocation.

Read The Script:

1)   INTRODUCTION:

François Doyon La Rochelle: You’re listening to Capital Topics, episode #61!

This is a monthly podcast about passive asset management and financial and tax planning ideas for the long-term investor.

Your hosts for this podcast are James Parkyn and me François Doyon La Rochelle, both portfolio managers with PWL Capital.

In this episode, we will discuss the following points with Raymond Kerzerho, PWL’s Senior Researcher:

First, we will give you an update on PWL Capital’s long term expected returns on asset classes.

And next, for our second topic, we discuss a groundbreaking paper from Professor Scott Cederburg on life cycle asset allocation.

Enjoy!

1) UPDATE ON PWL CAPITAL’S EXPECTED RETURNS :

Francois Doyon La Rochelle: Hello, James! How are you today?

James Parkyn: I'm very good, Francois, and how are you?

Francois Doyon La Rochelle: I'm good. Thank you.

Francois Doyon La Rochelle: So, as I've mentioned in my introduction to help us tackle the 2 topics at hand for today, we have invited Raymond Kerzérho, PWL Senior researcher.

So good morning to you, Ray. It's good to have you back on the podcast.…Read More