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 Comprehensive Agreement on Investment (CAI) between the EU and China looks to be dead in the water. This will contribute to the relative isolation of the Chinese economy and so lead to a weakening of the RMB. We expect a 7-10% depreciation over the next year.SUBSCRIBE TO DOWNLOAD REPORTS
The EU’s Next Generation Fund (NGEU), a significant step in EU fiscal integration, is under threat from the German Constitutional Court, which could delay the German contribution. Although not critical as the fund need not be dispersed until next year, it could have a negative effect on the euro and EZ equities.SUBSCRIBE TO DOWNLOAD REPORTS
People obsess about post-Covid debt. But the reality, as the pandemic begins to wane, is that private sector balance sheets (in aggregate) are healthy. They’ve been boosted by forced savings and buoyant asset prices. Fed up of doing nothing, people are itching to spend. The government is not shirking either. Demand will show up everywhere, higher external deficits, higher corporate profits but also higher prices. In fact we haven’t seen conditions like this since the late 1980s. We remain long US dollar and short US Treasuries.SUBSCRIBE TO DOWNLOAD REPORTS