Global Macro Strategy
At ASC, our global macro strategy is built on the belief that disciplined top-down analysis, coupled with dynamic portfolio positioning, can unlock opportunities and protect capital across economic cycles. By combining rigorous research with a forward-looking perspective, we seek to navigate an increasingly complex and interconnected global landscape. Our approach is designed to capture alpha from structural shifts, capitalize on cyclical dynamics, and provide resilience during periods of volatility.
Top-Down Macroeconomic Analysis
We continuously assess the key macro drivers shaping global markets — including interest rate cycles, inflation dynamics, fiscal and monetary policies, and geopolitical developments. Particular emphasis is placed on central bank actions in developed markets, given their outsized influence on global liquidity, capital flows, and risk sentiment.
Dynamic Sector & Geographic Positioning
Informed by macro insights, we tactically adjust sector and regional allocations to remain aligned with prevailing growth themes and policy backdrops. This flexibility allows us to lean into areas of opportunity — such as emerging growth sectors or regions with supportive policy frameworks — while defensively reducing exposures in more vulnerable parts of the market during adverse conditions.
Thematic and Structural Opportunities
Beyond cyclical positioning, we dedicate capital to long-term secular trends that are reshaping industries and economies. Areas of focus include technological innovation, demographic and urbanization shifts, sustainability transitions, and other mega-trends expected to drive structural change and generate durable investment opportunities over the medium to long term.
Currency Management
Currency exposure is actively managed across major currencies — including USD, EUR, CHF, and GBP — to both enhance returns and mitigate volatility. By analyzing macroeconomic differentials, monetary policy divergence, and capital flow trends, we seek to turn currency positioning into a source of incremental value rather than a residual risk.