The Global Multi-Asset Team believes that structurally higher inflation is ahead for global economies due to ongoing restructuring of global supply chains, disruption of energy supply as a result of decarbonization, financial repression in the context of high debt burdens and rising dependency ratios. However, episodic bouts of disinflation will still be likely during cyclical downturns. A diversified multi-asset portfolio that is dynamically managed based on the macro cycle offers a superior way to invest to take advantage of higher inflation.
1) Core holdings designed to offer superior sensitivity to inflation and are balanced between growth-sensitive and defensive assets.
2) Dynamic management allows us to optimize portfolio for macro conditions.
3) Experienced team with a fundamental, discretionary, macro-driven approach, focused on risk control.
Effective January 22, 2024, the Strategy is managed by Cyril Moulle-Berteaux and Mark Bavoso. Prior to this date, Sergei Parmenov served as co-portfolio manager.
On August 31, 2021 the Strategy was transitioned to the Global Multi-Asset Team.