GLOBAL MACRO
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Multi-asset class investment solutions are common, yet very diverse: traditional “static” asset allocation, , 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.
At Seeyond, we believe that building a robust long term performance requires an ability to take decisions based on a variety of decision-making tools, whilst remaining adaptable to the market environment, and conducting disciplined risk analysis.
Based on this philosophy, Seeyond proposes a strategy, that:
A robust long-term return objective that manages short-term opportunities and risks, but aims to take advantage of long-term market trends.
We review and test our convictions on a regular basis to account for the unstable economic and financial environment.
Implemented through liquid and transparent products (listed derivatives, government bonds and exchange-traded funds or ).
Quantitative and qualitative views are complementary. The former focus on the analysis of the recurrent and cyclical components of markets; the latter on the specific and exogenous components of markets.
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, the risk environment and market trends—all through a lens that is both and discretionary.
The objective is 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.
The investment universe includes:
Main risks: capital loss, debt securities, interest rates, equity securities, leverage, exchange rates, commodities, financial derivatives and emerging markets.