Global Cycle Equity Strategy

Investment themes evolve and change over time. They are also potentially available in every part of the investable world. The purpose of the Global Cycle Strategy is to identify investment opportunities which, in the opinion of Emerald's research team, are in the midst of a long, positive business cycle. Some of these themes will take place, in our opinion, over many years, even decades. Others may start and finish in periods as short as three years. This strategy often involves investing in areas of the markets that exhibit high short-term volatility in their returns.

The portfolio is comprised of securities which we feel represent a way to access these themes in the public securities markets, while maintaining daily liquidity (i.e. the securities we buy for this strategy are able to be bought and sold in the markets any day the markets are open for business). While the themes are expected to play out over many years, we do recognize that, given their potential volatility, it may be helpful to increase or decrease our position in a particular theme over time, based on market conditions.

We also allow for the inclusion of securities whose expected performance will run counter to a particular segment of the market (e.g. securities that short smallcap stocks, international stocks, etc.). By doing this, we attempt to reduce the volatility of the overall portfolio during certain periods of time.

Click here to see a report on this strategy (coming soon)