Our Product

The Systematic Global Macro Strategy.

QCM’s flagship product was launched in 1995 and renamed the Systematic Macro Programme (‘SMP’) in June 2021 to reflect its relevance to the revamped systems-based macro strategy.

 

The QCM SMP is a multi-strategy product that targets uncorrelated absolute returns.  It offers investors a fully diversified actively managed portfolio of 110 exchange-traded global futures across Financial and Commodity asset classes.

By going long or short the SMP participates in both rising and falling markets. The instruments are listed in major exchanges worldwide and cover various globally diversified sectors: stocks, bonds, interest rates and currencies together with commodities including energies, metals, grains, softs and livestock.

The flagship product has evolved since inception in 1995 with several milestone enhancements. Its most current pivotal change was in November 2018 following a three-year research deep dive into the QCM strategies. The upgraded SMP and its track record since November 2018, benefit from several major and minor enhancements with a substantial uplift in the product’s robustness. It has successfully navigated some of the toughest market conditions including those witnessed in 2020 through the Covid pandemic as well as the Ukraine war, and more recently in 2022 with inflation concerns and interest rate hikes.

Investors in the SMP take comfort from having positions in their portfolio marked-to-market, with no subjectivity in valuation using exchange-settled prices.

 

SMP Main Attributes.

  • Systematic Global Macro (Active)

  • Multi-strategy approach

  • Long/Short Absolute Return

  • Strategic and Tactical Components

  • Dynamic Asset Allocation

  • Multi-layered Risk Management

  • Potential ‘Crisis Alpha’ - Systemic Events

  • Low Correlation to Major Asset Classes

  • Diversified Financial & Commodities

  • Diversified time horizon

  • High Liquidity via Managed Account

  • Launched December 1995

  • Majorly Upgraded November 2018

  • Customisable Solution Available

QCM SMP Sector Coverage

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Note: QCM SMP trades 110 markets grouped within key sectors across financials and commodity futures markets. The individual market weights in each sector changes daily to reflect the dynamic nature of the strategy’s portfolio composition.

 

Investment Vehicle.

The SMP is currently offered through single managed accounts (SMA’s). It is attractive for investors who wish to have full transparency and control of their investment, with choice of own broker. A SMA investment offers the ability to margin the account and trade at a higher notional level. Transaction costs can be negotiated by the investor directly with the broker. Independent reports, positions and valuations can be viewed through direct online access by the investor any time.