bfCache folder unwriteablebfCache folder unwriteablebfCache folder unwriteablebfCache folder unwriteablebfCache folder unwriteablebfCache folder unwriteable

Global: Macro, International, and Emerging Markets Global: Macro, International, and Emerging Markets

  • Currently 0/5 Stars.
  • 1
  • 2
  • 3
  • 4
  • 5

Article Details

January 25, 2009
January 25, 2009
Public
923
Would you like to...

Definitions of the Global strategies; explanation of discretionary and systematic managers
Global strategy funds benefit from predicting the impact of changes in global economies. Typically, those funds use financial instruments like currencies, stock indices, commodities, and bonds. While the Global International strategy implies picking equities around the world, Emerging Markets’ funds focus on developing and emerging economies. Most often Emerging Markets portfolios tend to be only long because of short selling restrictions in developing countries. Global Macro funds extensively use leverage and derivatives, whereas Emerging Market ones - stocks and bonds only, because futures and options are not available.

According to the Deutsche Bank’s classification, global strategies can be divided into two subcategories: discretionary and systematic. Discretionary managers make their decisions based on their own views and perceptions of the markets, whereas systematic managers are driven by quantitative researches. In principle, a discretionary-systematic categorization presents an independent classification criterion, so any strategies can be subdivided this way.
Article is in the following categories:
Quant KB » Due Diligence» Hedge Fund Strategies



Leave A Comment

or close

Email This Article

or close

Existing Comments

There are currently no comments.

Attachments Attachments

There are currently no files.

myNotes My Notes

You currently have no notes on this article. You can leave your own note on this page, the note can only be seen by you (and our administrators) but not other users.

You need to login first