GMI Investment Strategy

All strategy decisions are driven by research and at the heart of our research is our extensive economic knowledge base.

A thorough understanding of the macro economic factors that drive the global economy and financial markets shapes how we position investment portfolios. Our investment process is best described as a combination of this top-down (or macro) view combined with bottom-up industry and fundamental research, at the security level.

We believe there are four key determinants of portfolio performance. In order of importance:

1. Dynamic asset allocation is the single strongest influence, whether a portfolio is invested in cash, bonds or equities.

2. Currency allocation is the second strongest influence on returns, with the ability to boost or corrode the impact of your asset class selection.

3. Selection of investment themes is the third strongest influence on returns. For stock portfolios this is reflected in regional and industry exposures.

4. Individual security selection within each asset class is the least significant influence on returns (given that portfolios are well diversified). This process involves identifying the most cost-effective way to access the investment theme

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