Expert: Rob Quartly-Janeiro Facilitator: John Chapman
Headlines:
- Portfolio diversification is one of the keys to ensuring a client’s wealth is managed effectively during a permacrisis. This diversification may be geographical, sector, thematic etc.
Discussion points:
We need to take stock of the multi-faceted nature of the permacrisis, understanding whether the challenge relates to an issues specific matter (water security; terrorism etc), whether it is local, national or international by nature or whether it is a global issue (e.g., climate change; crisis of capitalism).
This understanding is needed for us to develop our strategy for clients in relation to the permacrisis.
Investment advisers should pick a scenario(s) to inform investment decisions. The scenarios could range from de-globalisation/global fracturing to looking at power blocs (EU; NATO) to considering the status quo (would require a readjustment of shared economic prosperity).
Key takeaways:
- Clients need reassuring – are they positioned appropriately through holdings that will take advantage of the upsides?
- Keep the client appraised of where the economy is in the natural business and economic cycle
- Permacrises creates opportunities – keep aware of any opportunities for tactical investment decisions as they arise
