Estrategias
Soluciones y multiactivos
Global Tactical Asset Allocation Strategy
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Global Tactical Asset Allocation Strategy |
Estrategias
Soluciones y multiactivos
Global Tactical Asset Allocation Strategy
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The Global Multi-Asset team believes that global multi-asset class investing presents opportunities to generate excess return due to structural inefficiencies such as home-country bias and the tendency for a majority of investors to focus on security selection. In addition, regions and countries have independent economic drivers, which often give rise to uncorrelated investment opportunities. We also believe that investors have a tendency to extrapolate current trends into the future, mistaking cyclical dynamics for structural changes, and vice versa. We therefore invest around major macro-economic turning points, where we think investors are most likely to mis-price assets amid changing dynamics.
Thematic Approach to Multi-Asset Class Investing |
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We apply a global macro and thematic approach to multi-asset investing, focusing on major macroeconomic shifts and structural transformations which may give rise to asymmetric risk/ reward opportunities. |
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Long-standing, Disciplined Approach |
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Fundamentally-driven, discretionary process supported by quantitative tools. |
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Disciplined Risk Management |
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The Global Multi-Asset team offers investors access to an investment approach focusing on opportunities arising from macroeconomic changes and structural transformations that have not yet been discounted in valuations. The team’s investment process seeks to identify attractive risk/reward opportunities based on three primary criteria: valuation, fundamental dynamics, and sentiment. The team believes that these three tools are most powerful when used in combination. The team invests in opportunities at the asset class, country, sector and thematic levels, rather than concentrating on individual security selection.
This information represents how the investment team generally applies its investment process under normal market conditions. The team implements positions either directly by purchasing securities or through the use of derivatives.