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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.

RESEARCH

We produce 60-70 reports a year on investment strategy, dealing with multiple investment topics. The scope of the research is global.

PORTFOLIO ADVISORY

After due consultation with the client, we devise a dedicated investment benchmark and country allocation policy for a portfolio of assets.

ALTERNATIVE INVESTMENTS

Alternative investments are becoming an increasingly important part of institutional investors’ portfolios.

Latest Reports

13/02/20
Global Global

Guts, shit, drought and ….. hope

Environmentalism and sustainability are unstoppable forces. But some investors remain slow to embrace the change. Thus far most effort has…

07/02/20
Germany Germany

Thuringian tremors

Political and economic risks are rising in Germany and, with them, pressure on the CDU. This week’s fateful cooperation with…

03/02/20
Global Global

Reasoning Coronavirus

The likely economic and financial market damage caused by the Coronavirus (2019-nCoV) is underestimated. We remain short Thai baht and…

Global

13th February, 2020 » Guts, shit, drought and ….. hope

Environmentalism and sustainability are unstoppable forces. But some investors remain slow to embrace the change. Thus far most effort has been focussed on reducing emissions from the energy and transport sectors. But between them they only account for 40% of total CO2 output. So the net will have to widen significantly if a real difference is to be made. The key sector that has escaped so far is agriculture. It is responsible for a quarter of total emissions and its secondary environmental impacts are equally damaging. Thankfully, technological innovation is starting to disrupt. New hi-tech foods will replace traditional meat and animal products over the next decade, tilting the existing industry quickly toward bankruptcy. These new alternative foods be better and cheaper, they will provide governments with the low-hanging fruit they need to meet climate goals and push the economic system back towards sustainability. It is a win-win situation and one that should richly reward early investors.

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Germany

7th February, 2020 » Thuringian tremors

Political and economic risks are rising in Germany and, with them, pressure on the CDU. This week’s fateful cooperation with the AfD in Thuringia will haunt them as we move towards the next federal election. We remain short the euro versus the US dollar and negative on the outlook for equity markets.

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Global

3rd February, 2020 » , , Reasoning Coronavirus

The likely economic and financial market damage caused by the Coronavirus (2019-nCoV) is underestimated. We remain short Thai baht and Aussie dollar as proxies. But we are negative on all Asian EM assets and global equities. It is bad news for commodities. US Treasuries (which we are long) and the US dollar are safe havens. Yen assets are definitely not. We look to accumulate China tech stocks later.

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Independent means just that

Objective + Innovative + Opportunity

Our research is based on a thoroughly objective view of the world as it is, not as some might like it to be seen.

Our work is characterised by independence of thought and a determination to focus only on money making ideas, resulting in a totally fresh and original approach compared with the overwhelming volume of reports by integrated investment houses.

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In the Media

25 years of Strategic Independence|Regulated and authorised by the Financial Conduct Authority

MACRO MATTERS

China

27th January, 2020 » , , Wuhan Coronavirus Statistics

Following on from our recent reports on the Wuhan Cornonavirus, the following spreadsheet offers a detailed breakdown of infections, spread and fatalities. This will be updated on an ongoing basis.

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China

21st February, 2020 » China January Money & Credit

Chinese January credit data came in quite a bit stronger than expected, amid firm new loan growth and local government spending, which contributed to significantly a higher overall total social financing number (CNY5.7trn vs. the CNY4.3trn consensus).  Chinese New Year fell earlier this year, but it’s not clear if that accounts for the strong outcome.

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Technicals

18th February, 2020 » IS Weekly Technicals – 18th February

Chart pack and analysis attached.

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Germany

14th February, 2020 » , AKK KO

Well, that didn’t take long. After last week’s debacle in Thuringia (see our report Thuringian tremors 7 February 2020) CDU leader Annegret Kramp-Karrenbauer (AKK) found her authority fatally undermined and announced that she would soon step down to allow a new leader to be elected in the summer.  This leader, she said, should also become the party’s chancellor candidate for the next federal election, scheduled for autumn 2021.

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MEET THE TEAM

Independent Strategy: David Roche David Roche President and Global Strategist
Independent Strategy: Guido Manca Guido Manca Chief Executive Officer
Independent Strategy: John Armstrong John Armstrong Managing Director
Independent Strategy: James Lister-Cheese James Lister-Cheese Strategist and Director
Independent Strategy: Nick Kennedy Nick Kennedy Chief Economist
Independent Strategy: Bob McKee Bob McKee Consultant Economist

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REPORTS ARCHIVE

The reports archive contains chronological lists of articles that have been written by Independent Strategy. Independent Strategy’s research is available by annual subscription. For details of subscription rates and soft dollar payments, please contact Independent Strategy by using the contact form.

REPORTS ARCHIVE