Introduction
GBM, a prominent financial firm, has unveiled its 2026 investment strategy with a central focus on global portfolios. The firm’s vicepresident of Financial Products, Andrés Olea Falomir, emphasizes that the strategy revolves around “quality and intelligent diversification,” rather than short-term tactical bets.
The Investment Environment
GBM anticipates a moderate growth environment, with interest rates remaining restrictive but decreasing. In this context, the firm encourages Mexican investors to broaden their horizons beyond domestic markets.
Investment Strategies
Global Equities with Quality Focus:
The first pillar of GBM’s strategy is global equities with a quality focus. This includes the Top Picks Global strategy, a concentrated portfolio of around 15 international issuers. The emphasis is on companies with clear competitive advantages, strong cash flow generation, and valuations that still offer room for growth, rather than chasing fleeting trends.
Balanced Exposure: Global and Local Debt
The second pillar, termed “mix 2026,” involves combining global exposure with short-term local debt to capture the current interest rate levels. This approach also incorporates structural sectors like healthcare, artificial intelligence, and energy. The goal is to create a multi-engine portfolio that doesn’t rely on a single cycle or region.
Small and Medium Investors
For smaller investors, Olea suggests simplifying fund selection using three filters:
- Horizon Alignment: Matching the required funds access with the liquidity and risk level of the chosen fund.
- Risk Tolerance: Understanding how much a portfolio can temporarily fluctuate without causing undue stress or prompting panic selling.
- Consistency: Reviewing the fund’s and the management team’s track record across various market cycles, not just recent performance.
Innovation and Options
GBM is investing in thematic accounts and completing the “institutional anklet” for individual clients. These accounts provide direct access to trends such as artificial intelligence, energy, and commodities, along with private market strategies. Funds like GBM AAA, managed by Lazard, bundle major global trends into a single vehicle.
The firm acknowledges common pitfalls, such as misaligned profiling and short-term vision, which have led to investment errors in the past.
Key Questions and Answers
- What is GBM’s 2026 investment strategy? It focuses on global portfolios with a quality and intelligent diversification approach, avoiding short-term tactical bets.
- What are the two main investment pillars? The first is global equities with a quality focus, and the second is balanced exposure combining global and local debt.
- How can small investors make better choices? By aligning the investment horizon, understanding risk tolerance, and evaluating consistency across market cycles.
- What innovative offerings does GBM provide? Thematic accounts and institutional anklets, granting direct access to trends and private market strategies.
