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 Wuhan Coronavirus has the potential to damage asset prices like SARS did. We would need greater evidence that it is as deadly and as contagious. For the moment we do not have this data. But we believe, despite the Chinese authorities being more proactive and open, that the number of cases is being under-reported. We would take a wary stance on Asian markets until this is resolved after Chinese New Year.SUBSCRIBE TO DOWNLOAD REPORTS
Trump’s ‘Phase 1’ trade deal isn’t the concrete base to build the 2020s on. It’s a short-term deal that fits with the near-term political objectives of the US administration and the immediate economic needs of the Chinese one. The underlying frictions that triggered the conflict are deep-seated. The secondary trade frictions that are likely to arise because of this deal also risk creating a deeper global macro/growth fissure, when China/US tensions inevitably flare up again.SUBSCRIBE TO DOWNLOAD REPORTS
There is much to worry about in India. The slowdown in growth might have coincided with global weakness, but the main problems are all domestic. The political backdrop is increasingly toxic. Promises of economic reform have come to little. Ongoing banking sector problems have undermined domestic confidence, consumption and investment. Monetary policy credibility is a further problem. With inflation up and growth continuing to slow, the central bank is in a tight spot. What should give? The currency. We would be short the rupee versus the US dollar.SUBSCRIBE TO DOWNLOAD REPORTS