Multi Assets – Global Macro
Philosophy
Multi-asset investment solutions are common, yet very diverse: traditional “static” asset allocation, « risk parity » strategies, strategic allocation to market benchmarks, flexible allocation between equity and risk-off instruments, etc. These asset allocations come with constraints that may imply structural exposures, which in turn reduce the portfolio manager’s ability to adjust exposure and manage short-term risks.
We believe that robust long-term performance is best achieved with a variety of decision-making tools, permanent adaptation to the market environment, and disciplined risk analysis.
Based on this philosophy, we propose a strategy, that:
- Invests in all major asset classes globally;
- Uses the full exposure leeway to meet the required risk/return profile;
- Benefits from a rigorous decision-making process combining discretionary analysis with our proprietary analytical framework.
The strategy targets a robust long-term return objective that manages short-term opportunities and risks but aims to take advantage of long-term market trends.
Key Features
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Dynamic management
We review and test our convictions on a regular basis to account for the unstable economic and financial environment.
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Truly flexible management
Access to traditional asset classes while avoiding exposure constrained by a benchmarked allocation
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Synthesis between rigour and expertise
The objectivity of quantitative tools combined with the adaptability of discretionary analysis
Investment Strategy
The Multi-Asset Global Macro strategy aims to build a robust and flexible portfolio with exposure to equities, sovereign bonds, and international currencies, within a disciplined risk management framework. The portfolio stems from in-depth analysis of global macro and corporate fundamentals, risk environment and market trends—all through a quantitative and discretionary lens.
Objective
To generate a robust return over the long term within a predefined risk budget over the recommended minimum investment period. Exposures by asset class are adjusted according to the risk/return objective.
Investment Universe
The investment universe includes:
- Developed and emerging equities;
- Sovereign bonds;
- Currencies;
- Diversification through listed and liquid ETFs (maximum 10%).
