Independent Strategy adds value to its clients by seeking out investment themes and opportunities in Macro Investments, often challenging conventional wisdom.
Too often investment research is constrained by the narrow focus of the research provider, but we seek to create a cohesive global view. We are compact and flexible enough to respond quickly to an ever-changing investment scene.
The research is designed to benefit both short-term and longer-term strategic thinking. It carefully studies geo-political and economic events, while looking for breaks in historical trends to uncover investment opportunities.
We produce 60-70 reports a year on investment strategy, dealing with multiple investment topics. The scope of the research is global.
After due consultation with the client, we devise a dedicated investment benchmark and country allocation policy for a portfolio of assets.
Alternative investments are becoming an increasingly important part of institutional investors’ portfolios.
The old Hong Kong we knew will not return. The political social and economic model is dead. This makes Hong Kong an unattractive investment destination, whether you are running an investment fund or a corporation. But we do not think the Hong Kong dollar peg is vulnerable.SUBSCRIBE TO DOWNLOAD REPORTS
The ECB’s latest stimulus package seeks to address several problems and does so quite neatly. Banks win, thanks to tiering and more generous TLTRO terms while more bond purchases will also contribute to the bottom line. Draghi has also strengthened forward guidance. Not only have timeframes been jettisoned but the ECB has explicitly linked the mandated inflation objective and underlying (core) inflation. That is a dovish step, even if it brings its own potential complications given how static core inflation has been. All of these measures should contribute to a weaker euro over both the short and medium-term. We maintain our $1.04 per euro target for the end of this year.SUBSCRIBE TO DOWNLOAD REPORTS
Despite dodging one hard Brexit bullet, the underlying picture for the UK hasn’t changed much. A further extension of Article 50 and another general election mean delay not clarity. The economy will continue to suffer and while sterling has managed a modest bounce from the lows, the mid-term picture still looks bleak.SUBSCRIBE TO DOWNLOAD REPORTS