For a free copy of the paper, please fill out the form below. Once submitted, you’ll receive an email containing a download link.
Last month, Vincent Deluard posed the question of whether the anti-globalist agendas proposed by President Trump and other stridently populist leaders could actually bring an end to the free trade, peace, and rapid economic growth that have marked the last 30 years. If so, he argued, then investors will likely need to abandon the old paradigm of passive investing and diversification in favor of a more active and idiosyncratic strategy.
This month, in “The Biggest Question of Our Time – Part 2: The Anti-Risk-Parity Portfolio,” INTL FCStone Financial Inc.’s Global Macro Strategist outlines what that strategy might look like in greater detail. Specifically, he advises investors to eschew leveraging low-volatility assets and instead pursue a strategy based on a conservative asset allocation (i.e. no leverage and some cash) and the pursuit of aggressive themes (high-volatility stocks, cyclical sectors, idiosyncratic trades).
Why will this work? Find out by downloading a free copy of the paper today. Fill in and submit the form below, and you’ll then receive an email containing a link for downloading the paper.
© 2017 INTL FCStone Inc. All Rights Reserved
The INTL FCStone Inc. group of companies provides financial services worldwide through its subsidiaries, including physical commodities, securities, exchange-traded and over-the-counter derivatives, risk management, global payments and foreign exchange products in accordance with applicable law in the jurisdictions where services are provided. References to over-the-counter (“OTC”) products or swaps are made on behalf of INTL FCStone Markets, LLC (IFM), a member of the National Futures Association (NFA) and provisionally registered with the U.S. Commodity Futures Trading Commission (CFTC) as a swap dealer. IFM’s products are designed only for individuals or firms who qualify under CFTC rules as an ‘Eligible Contract Participant’ (“ECP”) and who have been accepted as customers of IFM. INTL FCStone Financial Inc. (IFCF) is a member of FINRA/NFA/SIPC and registered with the MSRB. IFCF is registered with the U.S. Securities and Exchange Commission (SEC) as a Broker-Dealer and with the CFTC as a Futures Commission Merchant and Commodity Trading Advisor. References to securities trading are made on behalf of the BD Division of IFCF and are intended only for an audience of institutional clients as defi ned by FINRA Rule 4512(c). References to exchange-traded futures and options are made on behalf of the FCM Division of IFCF.
INTL FCStone Ltd is registered in England and Wales, Company No. 5616586, authorized and regulated by the Financial Conduct Authority. Trading swaps and over-the-counter derivatives, exchange-traded derivatives and options and securities involves substantial risk and is not suitable for all investors. The information herein is not a recommendation to trade nor investment research or an offer to buy or sell any derivative or security. It does not take into account your particular investment objectives, financial situation or needs and does not create a binding obligation on any of the INTL FCStone group of companies to enter into any transaction with you. You are advised to perform an independent investigation of any transaction to determine whether any transaction is suitable for you. No part of this material may be copied, photocopied or duplicated in any form by any means or redistributed without the prior written consent of INTL FCStone Inc.
About the Author
Vincent Deluard, CFA, is the newest member of the Market Intelligence team within the BD Division of INTL FCStone Financial Inc. A prolific market commentator who’s often quoted in the Financial Times, Wall Street Journal, Bloomberg, Forbes Magazine, and Barron’s, Mr. Deluard earned the Euromoney Padraic Fallon Editorial Prize for his in-depth study of the investment opportunities offered by the European debt crisis in 2013. Prior to joining INTL FCStone Financial Inc., Vincent served as Europe Strategist for Ned Davis Research Group, where he authored weekly publications on European markets, and designed proprietary trading models that combined fundamental, technical and macro indicators to identify major investment themes and market trends.