At the Family Offices & Asset Management Summit, Alexandre Drabowicz, Global CIO of Indosuez Wealth Management, outlines what he describes as a “Great Recalibration” underway across the global economy.
Rather than reacting to short-term volatility, he outlines the deeper forces at play: the acceleration of AI-led productivity in the United States, Europe’s renewed fiscal push through infrastructure and defense spending, and a broader reallocation of public and private capital worldwide. In parallel, monetary policy paths are increasingly divergent between the Federal Reserve, the ECB and Japan, while currency dynamics reflect a gradual diversification beyond the US dollar.
Against this backdrop, Alexandre shares a disciplined asset allocation framework: broadening US equity exposure beyond mega-cap concentration, selectively capturing opportunities in emerging markets and Asian technology, favoring credit relative to sovereign bonds, actively managing dollar exposure, and maintaining gold as a structural portfolio stabilizer.
A clear, experience-driven perspective designed to help long-term investors navigate a structurally evolving macro regime with rigor and conviction.
