What is the basis of GTAA?

• Changes in the global economic environment affect all asset classes and the relationships between them
• GTAA at Providentia covers over 100 markets globally

Combining Economics & Markets Analysis

• Fundamental economic research is combined with quantitative models to determine fair value
• Identify mispricings and forecast how prices must change for future capital flows to correct the economic or market dislocations
• Volatility (market risk) models are maintained to determine current vs. historical levels

Dynamic Correlations and Diversification

• Market correlation analysis provides insight into the behaviour and evolution of relationships between markets
• Rigorous focus on risk management and portfolio diversification
• Proprietary approach to optimisation creates a robust portfolio that is diversified across four asset classes, targeting high risk-adjusted returns