Which market instruments are typically involved in global macro strategies?

Global macro strategies are investment approaches that seek to profit from changes in global economic trends, usually by taking positions in various asset classes based on anticipated macroeconomic shifts. The correct answer focuses on commodities, currencies, and futures because these instruments are integral to such strategies due to their sensitivity to macroeconomic factors like interest rates, inflation, and geopolitical events.

Commodities, including oil, gold, and agricultural products, can reflect broader economic conditions and supply-demand dynamics, making them pivotal for macroeconomic analysis. Currencies are equally crucial as they fluctuate with interest rates and economic performance across different countries, allowing for arbitrage opportunities when discrepancies arise. Futures contracts offer flexibility and leverage, enabling investors to hedge against or speculate on price movements in commodities and currencies effectively.

While equities, options, bonds, and mutual funds may play a role in investment strategies, they are not the core instruments associated with global macro strategies. These strategies prioritize instruments that can quickly reflect macroeconomic changes, hence the emphasis on commodities, currencies, and futures.