Managing complexity, risk, and opportunity through the intersection of investment skill and macro-tactical advantage.
“It is impossible to produce a superior performance
unless you do something different from the majority”
Sir John Templeton
From A Trade War To A Cold War?
2018 Q4 Market Outlook
In 2013 the $42 billion Illinois Municipal Retirement Fund (IMRF) decided to reduce its exposure to active large cap equity and terminated a $166 million mandate with its emerging manager Piedmont Investment Advisors, a minority and women-owned asset manager in Durham, North Carolina.
About FIS Group
FIS Group is an investment management firm that provides customized manager of managers investment solutions for institutional investors.
For 23 years, we have delivered risk-adjusted returns by conquering the complexity of identifying high skill, high active share entrepreneurial managers that have gone largely undiscovered by the institutional investor community.
2019 Frontier Markets Outlook
Frontier markets slumped in line with other non-dollar denominated markets in 2018; though outside of Argentina, frontier markets as a whole outperformed even the U.S. market. In our annual outlook we first look back to grade our calls from last year (spoiler: very good, except for Argentina) and look ahead to 2019. Broad prospects for the beta in frontier markets remain mixed, but with good stock-picking opportunities amid increasing neglect. In 2019 we remain strategically bullish only in Vietnam, but are also looking for some tactical outperformance from Nigeria. Watch the run-up to the Argentine elections in October for opportunities to re-enter the market.
FIS Group Ecosystem
Creating opportunities for new investment managers by providing access to the following:
- Private investors
- Industry best practices
- Our preferred vendor platform
In addition, our services are provided at no cost to managers.
Latest News And Research
Although global growth declined in Q1, as anticipated in our Q1 2019 Outlook, risk assets continued their December 2018 romp as a result of an apparent de-escalation of U.S.-Sino trade tensions and a decidedly dovish pivot by G10 Central banks (See Table One). Some US...read more
Frontier markets slumped in line with other non-dollar denominated markets in 2018; though outside of Argentina, frontier markets as a whole outperformed even the U.S. market. In our annual outlook we first look back to grade our calls from last year (spoiler: very...read more
Q1 2019 Market Outlook: 2019: Après moi, le déluge – A Late Cycle Rally as Part of a Protracted Market Topping Process
Each year we begin our Q1 market outlook by holding ourselves to account for the results of the previous year's macro strategy calls. We then give a detailed overview of what we see as the chief headwinds and tailwinds for risk assets in the coming year. Our...read more