Colin Fisher - Top Picks
FOCUS: North American Equities and Macro Themes
There will be a lot of noise around two key macro themes:
The first is what central banks will do and how effective will it be. With NIRP (negative Interest Rate Policy) replacing ZIRP (Zero Interest Rate Policy) – the world is in unchartered territory. The monetary policy will have to be supplemented with Fiscal Policies. This is why I think Oil is having an outsized effect on the global economy – as it is a mechanism to help with the flow of funds throughout the global economy. This leads to the next major policy – whether OPEC and Non-OPEC countries will do anything meaningful to reduce oil production. I don’t believe they will which will lead to lower oil prices for longer. In fact today Saudi Arabia and Russia increased their oil output.
This is going to be a very volatile market for all asset classes – I think focusing on growth markets that have long term on-going demand drivers will be the best areas to focus on. Classic Hedging and risk mitigation strategies will not be – such as basic asset allocation, will be challenged going forward.
Axios Mobile Assets (AXA.V)
Terra Firma Capital (TII.V)