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Multi-Asset Webinar: 2020 rearview and the road ahead
On-demand Multi-Asset Webinar: 2020 rearview and the road ahead
What lessons can multi-asset investors learn from 2020, and how can they prepare for future shocks? In this webinar, Jean-Pascal Porcherot, Co-Head of LOIM, Aurèle Storno, CIO – Multi-Asset, and Alain Forclaz, PhD, Deputy CIO – Multi-Asset, discussed the insights they have gained while guiding LO Funds – All Roads, LOIM’s flagship multi-asset strategy, through volatile terrain. Focused on generating stable returns and minimising capital loss1, the team’s approach is characterised by intelligent diversification, capital preservation and innovation through continuous R&D.
Key topics include:
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Volatility: a driver of convexity
Implied volatility harbours useful information about the market’s expectations of realised volatility. Combining these forward-looking views with traditional rear-view metrics can help deliver positive portfolio convexity. Besides, volatility as an asset class earned its stripes in 2020, providing diversification when our portfolios needed it most.
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Sustainability and R&D
By applying the right frameworks for embedding country and industry-level ESG data, sustainability can be integrated in derivatives-based strategies. As an essential cog in the wheel of systematic investing, the team’s R&D has focused on expanding its investment universe, the range of risk premia available and its risk-modelling capacity.
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Diversification, in all its forms
As there is no silver bullet for diversification, all-weather strategies require a range of approaches: diversifying by risk instead of capital, sources of return beyond traditional risk premia, through combinations of long-volatility trades across regions and asset classes, and among diversifiers themselves by aggressively allocating to cash when necessary.
Watch our on-demand Multi-Asset Webinar here
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