Global optimal income
Combining asset classes to seek capital growth in any market condition.
The opportunity
Different macro environments call for different asset classes. At times of growth, investors may look to higher risk assets such as equities, emerging market debt and high yield. While, when there are concerns over recessions, bonds, gold and cash may offer safe haven solutions.
To seek the best risk-adjusted returns, we believe that investors need to diversify and dynamically allocate across and intra asset classes.
Today, in an ever-changing investment landscape, the ability to be flexible across asset classes should allow investors to take advantage of a wide range of market opportunities and adapt to changing market conditions.
Strategy highlights
Target opportunities offering capital growth
The strategy seeks to provide capital growth through the best asset class mix. We identify these opportunities using our three-step process that integrates our expertise across asset classes.
Optimised exposure through unconstrained approach
Our broad exposure across and within asset classes, enabled by an unconstrained approach, helps capture opportunities across the full market spectrum.
Mitigating risk through flexibility
With the freedom to pivot quickly, the strategy aims to adapt dynamically to changing macroeconomic environments, enhancing resilience and responsiveness.
Team and expertise
Our global multi-asset strategy sits within the Multi-Asset investment team and is managed by Laurent Clavel, who has 20 years’ industry experience. He is supported by Laurent Ramsemy, a senior portfolio manager with 18 years’ industry experience.¹
The strategy is managed using a robust process and leverages proprietary quantitative tools through an integrated team. The team also benefits from access to firmwide research and execution resources.
Investment risks
No assurance can be given that our investment strategies will be successful. Investors can lose some or all of their capital invested. Our strategies are subject to risks including, but not limited to: equity, emerging markets, global investments, investments in small and micro capitalisation universe, investments in specific sectors or asset classes specific risks, liquidity risk, credit risk, counterparty risk, legal risk, valuation risk, operational risk, and risks related to the underlying assets.
For a complete description and definition of the strategy’s generic and specific risks, please refer to the Prospectus and KID.
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[1] AXA Investment Manager as of 30 September 2025
Important information
This material is issued by BNP PARIBAS ASSET MANAGEMENT Malaysia Sdn Bhd, an investment management company holding a Capital Markets Services Licence under the Capital Markets and Services Act 2007 of Malaysia, having its principal place of business at Vista Tower, Level 48D, The Intermark 348 Jalan Tun Razak 50400 Kuala Lumpur, Malaysia. This material has not been reviewed by the Securities Commission Malaysia.
This material is produced for information purposes only and does not constitute:
- an offer to buy nor a solicitation to sell, nor shall it form the basis of or be relied upon in connection with any contract or commitment whatsoever or
- investment advice.
Opinions included in this material constitute the judgement of the investment management company at the time specified and may be subject to change without notice. The investment management company is not obliged to update or alter the information or opinions contained within this material. Investors should consult their own legal and tax advisors in respect of legal, accounting, domicile and tax advice prior to investing in the financial instrument(s) in order to make an independent determination of the suitability and consequences of an investment therein, if permitted. Please note that different types of investments, if contained within this material, involve varying degrees of risk and there can be no assurance that any specific investment may either be suitable, appropriate or profitable for an investor’s investment portfolio.
Given the economic and market risks, there can be no assurance that the financial instrument(s) will achieve its/their investment objectives. Returns may be affected by, amongst other things, investment strategies or objectives of the financial instrument(s) and material market and economic conditions, including interest rates, market terms and general market conditions. The different strategies applied to financial instruments may have a significant effect on the results presented in this material. Past performance is not a guide to future performance and the value of the investments in financial instrument(s) may go down as well as up. Investors may not get back the amount they originally invested.
Past performance or achievement is not indicative of current or future performance. Performance is calculated net of fees unless otherwise stated.
Any views expressed here are those of the author as of the date of publication, based on available information, and subject to change without notice. This material does not constitute investment advice.
Investments are subject to market fluctuations and the risks inherent in investments in securities. The value of investments and the income they generate may go down as well as up and it is possible that investors will not recover their initial outlay, the strategies described being in risk of capital loss. There is no guarantee that the performance objective will be achieved.
Investing in emerging markets, or specialised or restricted sectors is likely to be subject to a higher-than-average volatility due to a high degree of concentration, greater uncertainty because less information is available, there is less liquidity or due to greater sensitivity to changes in market conditions (social, political and economic conditions).
Environmental, social and governance (ESG) investment risk: The lack of common or harmonised definitions and labels integrating ESG and sustainability criteria at EU level may result in different approaches by managers when setting ESG objectives. This also means that it may be difficult to compare strategies integrating ESG and sustainability criteria to the extent that the selection and weightings applied to select investments may be based on metrics that may share the same name but have different underlying meanings. In evaluating a security based on the ESG and sustainability criteria, the Investment Manager may also use data sources provided by external ESG research providers. Given the evolving nature of ESG, these data sources may for the time being be incomplete, inaccurate or unavailable. Applying responsible business conduct standards in the investment process may lead to the exclusion of securities of certain issuers. Consequently, performance may at times be better or worse than the performance of relatable strategies that do not apply such standards.
This is not an exhaustive list of risks. For a complete description and definition of risks, please consult a client relationship manager or the global BNP Paribas Asset Management website: staging.bnpparibas-am.co.uk.