Outsmart: Mastering
the new normal
Finding opportunities in growth equity, fixed income, real estate, and alternatives in a rapidly changing global landscape.
INVESTING THROUGH SUNSHINE AND STORMS
The markets have enjoyed a remarkable bull run since the dislocation at the beginning of the pandemic. However, concerns have emerged about traditional assets going forward. These include worries that equity markets may be nearing a top, and that long-only fixed-income exposure may not provide a useful hedge if equities drop. An answer to these and other challenges may be found in liquid alternatives, or ‘liquid alts’, which offer distinct risk-return characteristics. A broad range of liquid alts strategies are available that can help diversify an investor’s portfolio in preparation for whatever comes next.
This instalment in a multimedia series by PGIM Investments and Citywire sheds light on the role of liquid alternatives within a portfolio and the diversification benefits they offer.
AGILITY IS KEY: AN ALTERNATIVE APPROACH TO DIVERSIFICATION
Michael Dicks, Chief Economist and Deputy Head of Research at QMA Wadhwani, a PGIM business, discusses Covid’s continuing market impacts, positioning for upcoming interest rate scenarios, and the importance of nimbleness in liquid alts strategies.
3 REASONS LIQUID ALTS DELIVER
How do liquid alts seek performance whether markets rise or fall? Learn why these strategies can provide all-weather solutions for investors, regardless of the direction equity and bond markets take.
VIABLE ALTERNATIVES: TARGETING OPPORTUNITY & MANAGING RISK
Hear Michael Dicks, Chief Economist and Deputy Head of Research at QMA Wadhwani, a PGIM business, speak with Richard Lander, Director at Citywire Engage. They discuss unfolding market opportunities and risks, as well as considerations for selecting liquid alts strategies. The key, Dicks emphasises, is to ‘look for strategies that are agile….some are very quick to identify changes in the environment, but others are much slower and may be too late to the party’.
Find out more
Serving investors since 1975, QMA’s research-driven quantitative processes are built on economic and behavioural foundations and serve as the basis for their systematic investment solutions. They outsmart through the collective brainpower of their global investment professionals, who have advanced degrees across a wide range of disciplines, including accounting, economics, engineering, finance, mathematics, physics and statistics.
MARKET OUTLOOK
QMA’s 2021 outlook explores the economic recovery and implications for markets.
GLOBAL MACRO STRATEGY
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