Kanish Chugh
Person
Kanish Chugh is an Australian investment professional who serves as Head of ETF Sales at PIMCO Australia. He was previously head of distribution at Global X ETFs Australia and is known for his work in exchange-traded funds and investment distribution.
What Kanish Chugh has said on podcasts
27 statements
Longer lifespans require retirement portfolios to retain growth assets.
“Because we're living for longer, you do need to have some element of growth in the portfolio, unfortunately.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 0:00
Medical advances extend life expectancy and the period retirement savings must fund.
“our life expectancies have evolved through medical advancements. So we're living longer, which means our retirement needs to fund longer as well”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 3:35
Retirees now have substantially more investment choices available.
“retirees now probably a sport for choice in terms of what they can now access”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 5:32
Selling portfolio assets during income withdrawals can expose retirees to poor market timing.
“The one thing that you don't want to be doing is selling down on a portfolio. in a time when you're trying to draw that income”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 5:48
Balanced portfolios may target 5–7% returns, while growth portfolios may target 6–8%.
“the 35, 40-year-old right now that's building a balanced portfolio, balance is probably in between 5% to 7%. Growth portfolios, I think the target is 6% to 8%.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 7:03
High-quality fixed-income assets currently offer high yields.
“High quality fixed income assets are generating, you know, very high yields.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 7:29
PIMCO’s global bond strategy had approximately 7.6% yield to maturity at July’s end.
“that is generating a yield to maturity at the end of July of about 7.6%.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 7:48
Investors should prioritize portfolio diversification.
“Fundamentally, it's how diversified is your portfolio?”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 8:15
Over 30 years, investors may increase fixed-income allocations to support income.
“In 30 years, you probably tilt your portfolios accordingly. You know, you may have a larger weight to, say, fixed income allocations to help with that income.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 10:45
Pursuing higher returns impatiently increases portfolio risk.
“if you start to become impatient and then you start to reach for returns, that's when you're building in risk to the portfolio.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 14:58
Higher expected returns require accepting an associated tradeoff or risk.
“the higher the expected return. there's something that you're giving up for that.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 15:44
PIMCO’s GBF portfolio has an overall AA-minus credit rating.
“The underlying sort of overall sort of rating on that portfolio from a credit risk perspective is AA minus.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 16:09
Older investors generally tilt portfolios toward defensive assets.
“As you move up that sort of spectrum from an underlying portfolio or age perspective, you then tend to have a tilt towards defensive assets.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 18:07
Longer retirements require some equity or growth exposure.
“There has to be some element of equities or some element of growth in the portfolio”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 18:47
Growth assets help counter inflation’s erosion of purchasing power.
“the growth side of the portfolio is really there to try and counter the inflation as well”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 18:55
Investors should research issuers before buying high-yield products.
“Doing your research, you know, understanding who you're giving your money to from an issuer perspective.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 19:44
Some high yields compensate investors for illiquidity in private assets.
“That yield that people are sort of saying that they can give you is that yield coming from illiquidity because they're investing in private assets.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 20:26
A 10-year bond with a 5% coupon pays annually and returns principal at maturity.
“Effectively, what that means is it's going to pay 5% a year, that's per year, and then it's a monthly payment. And in 10 years time, there's a return of that entire capital.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 22:01
Equity dividends depend substantially on company performance.
“the dividends that an equity or a company is paying out is very much determined by the company's performance.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 22:23
Portfolios limited to US and Australian equities are insufficiently diversified and risky.
“my argument would be that's not diversified, especially with current markets. There's a high level of risk involved in that.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 24:34
Investors may use diversified bond portfolios combining Australian and global bonds.
“maybe having some diversified bond portfolios, like we've got an ETF PDFI that does that, 50% Australian bond fund and 50% global bond fund.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 24:47
Income should be diversified because franking credits depend on equity performance.
“The income needs to be diversified as well because that franking credit is going to be linked to that equity performance.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 26:11
Current fixed-income conditions can provide equity-like returns without reaching for excessive risk.
“It's a very different environment now. I talked about not reaching for risk, so you're getting equity-like returns.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 29:39
Investors should define the purpose of each portfolio bucket.
“I think they should define what each of their buckets within their portfolio is doing for them.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 32:18
Investors with long horizons can generally take more portfolio risk.
“if you've got many decades ahead, the intent there is you're going to be more risk on.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 32:48
Investors should avoid wholesale portfolio changes at every life stage.
“Don't make wholesale changes is the other important one, no matter what area stage of you are in the portfolio.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 33:58
Retirees should retain growth exposure because they may live longer.
“the retirement or a retiree can't give away growth because they're living for longer.”
Open the episode · How to Invest for a 30-Year Retirement with Kanish ChughListen at 35:18
Statements are attributed to the speaker as said on the episode and reflect their view at the time, not PodLume's. They are not advice.
