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.
While some might view the latest ‘postponement’ of Brexit as another example of can kicking in reality, it materially changes the outlook by (largely) removing the prospect of a cliff edge exit. We think it’s time to start analysing the outlook for the UK outside the EU. In short, it doesn’t look good as Brexit will solve nothing and actually make many of the UK’s structural problems worse. Those dreaming of “Singapore on sea” have obviously never been to Singapore. The prospect of some visibility could lead to a very short-term improvement in mood, but fundamentals suggest that’ll be short lived.SUBSCRIBE TO DOWNLOAD REPORTS
This report discusses what strategy would look like if the US dollar were suddenly to lose its safe-haven status. This could happen if President Trump were to be impeached, or this threat made his policies even more maverick and damaging to the global economy. A portfolio to safeguard against a sudden dethroning of the US dollar would include gold, equity puts, long US Treasuries, short renminbi and long yen.SUBSCRIBE TO DOWNLOAD REPORTS
The length of a cycle does not necessarily condemn it. Indeed, the recent trend in developed markets has been towards lengthier cycles and generally lower macroeconomic volatility (GFC aside). But, as a component in a broader basket of signals, concerns about the length of the advance certainly have validity. We think the evidence is sufficient to warrant maintaining downside protection. The US equity market in particular is vulnerable at current valuation levels. The story for being long gold and bonds remains compelling.SUBSCRIBE TO DOWNLOAD REPORTS