Our long-term investment themes
These investment themes, together with others which are identified and routinely debated by the investment team, drive our product development, asset allocation and portfolio construction. They are secular trends, expected to fully develop over a five to ten year horizon and provide useful reference points for us when forming our views of where to dedicate our resources and, ultimately, where to allocate our clients’ money.
Tactical short-term overlay
That said, we are acutely aware that markets do not only react to long-term trends. To allow for short-term fluctuations we often employ a tactical overlay. This creates a framework to operate within and reflects the realities of the high correlation environment we currently operate in.