RESEARCH & NEWS

At MSM, we pride ourselves in bringing relevant and timely proprietary and paid third party research to our clients

Third Party Fund Recommendation

Third Party Fund Recommendation

We attach the following selection of sector/regional funds that are reflective of our areas of interest in the current market environment. We will use active managers that have a proven expertise and meet our selection criteria (e.g. liquidity, transparency and ...
Macro Update

Macro Update

Our current view on the currency markets ...
Global Equity Overview

Global Equity Overview

Indexed performance of the Global Equity indices that we track in local currency Vs USD ...
Global Bond Overview

Global Bond Overview

Bonds have recovered a touch in the past 20 days and are no longer the dogs of 2018! In fact, the fear induced sell-off has now made bond markets relatively “good” performers.  While the small drop in US bond yields ...
Alternative Asset Overview

Alternative Asset Overview

Energy prices have corrected from the highs but now lead all markets at +12,3% for the year! Whether investors are assuming that Saudi Arabia will be more willing to acquiesce to US pressure post the Khassoggi murder or the fear ...
Market Update

Market Update

US Fed under Chairman Powell is unlikely to diverge from its data-driven approach to setting the Fed Fuds target rate. The market is pricing in a 100% now vs 92.7% probability two weeks ago that Fed Funds will move up ...
Global Currencies Overview

Global Currencies Overview

The recent recovery in the USD continued to push higher! The combination of weaker growth data in Europe, the “safe” haven status of the US in the midst of a global sell-off in equities and relatively strong US growth numbers ...
Is The Cost of Money really getting expensive?

Is The Cost of Money really getting expensive?

Amongst the myriad of concerns raised by some market strategists’ during this correction (i.e. 10% plus drop in share prices) is the fear that the Fed is gradually cruising to a policy mistake by tightening rates at projected rate of ...
MSM Absolute Return USD Portfolio to 31st August 2018

MSM Absolute Return USD Portfolio to 31st August 2018

The USD based Absolute Return Portfolio is focused on delivering absolute returns over the course of a three year investment cycle through a multi-asset approach. It holds both strategic medium-term investments (core book) and tactical trades (short-term hedging/positioning book) as ...


Daily Overview

Market Commentary

Market Technicals - Views 25-Oct-18

Market Technicals – Views 25-Oct-18

VIX a close above 28 will inflict more pain in the near term ECB rate decision and forward guidance will be ‘KEY’ US Mid Term Elections China still a lingering threat VIX – Should peak out soon VIX: Contd…… SPX: ...
3Q18 US Earnings update - still early days but surprising on the upside

3Q18 US Earnings update – still early days but surprising on the upside

According to the Bloomberg data, the few companies (56) that have reported so far have come in +4.3% ahead of expectations on the Earnings side (+21.9% growth yoy) and Sales are meeting expectations with yoy growth of 7.7%.   This is ...
Market Technicals - Views 10-Oct-18

Market Technicals – Views 10-Oct-18

Sell off in US treasuries and a close above 3.25% will be meaningful Italian yields have made a break and close above 3.45% with the Bund/BTP spread > 3% US CPI and Earnings kick off this week China still a ...

FX Trade Recommendations

Buy EURJPY at 131.10, 132.35 and 133.50 target and 130.35 stop loss

Buy EURJPY at 131.10, 132.35 and 133.50 target and 130.35 stop loss

Rationale: With USDJPY having broken 111.40 and EURUSD coming into some very good support at 1.16 we see EURJPY as an attractive tactical long. European stocks also seem to be finding a footing and while global risk appetite remains positive ...
Buy GBPUSD at 1.312, 1.3350 and 1.3450 target and 1.3000 stop loss

Buy GBPUSD at 1.312, 1.3350 and 1.3450 target and 1.3000 stop loss

Rationale: While uncertainity around Brexit continues the price action in the British pound has been quite resilient off late which makes us believe that most of the 'BAD NEWS' is already priced in. Moreover, the speculative position as shown in ...
BUY EURAUD AT 1.5333 AND TAKE PROFIT AT 1.5650-1.5830 AND 1.52 STOP LOSS

BUY EURAUD AT 1.5333 AND TAKE PROFIT AT 1.5650-1.5830 AND 1.52 STOP LOSS

Traders in Financial Futures data shows continued bullish sentiment on the dollar in both the leveraged fund and asset manager communities. Leveraged funds increased USD longs to their highest levels in twelve months, while asset managers trimmed their shorts for ...

Indices Trade Recommendations

US Equity Performance: A Closer Look

US Equity Performance: A Closer Look

Given the recent out performance in Tech stocks, the Nasdaq is once again coming into good resistance while below the recent highs of 7200. Seeing the June seasonality, Nasdaq has under-performed in the last 4 out of 5 years in ...
Buy DAX recommendation - limit 12'650

Buy DAX recommendation – limit 12’650

DAX has rallied nicely of it's lows at 12100 at the end of June 2018. With 1) Bunds and Italian yields showing signs of stabilisation 2) DAX having regained the technical level of 12650 and 3) Extreme Bearish sentiment on ...
Buy Recommendation : EURO STOXX 50

Buy Recommendation : EURO STOXX 50

European Rates Outlook: We remain bearish on the outlook for global rates as political and trade risks slowly recede. In the Euro area, a solid growth dynamic is likely to be matched with an upward, but slow, trajectory of core ...

Commodities Trade Recommendations

Copper: Fundamentals Will Get the Focus

Copper: Fundamentals Will Get the Focus

Copper: Fundamentals Will Get the Focus CFTC CMX Copper Positioning: Getting Ready to Shift? Like gold, CFTC copper short positions reached extreme shorts on the back of US-China trade fears and concerns of a slowing Chinese economy. The shorts began ...
Gold Sell Recommendation - 1'234

Gold Sell Recommendation – 1’234

Gold has been very heavy since the start of Q3 2018 and has broken and closed below the 200week MA at 1234 (Chart below). Coupled with the strong dollar and absent risk appetite we believe it is more than likely ...
BUY RECOMMENDATION : GOLD

BUY RECOMMENDATION : GOLD

Currently trading at 1255 after testing strong support at 1239. Looking at a move to mid 1300’s with a stop at 1220 given a) Strong seasonality during July/Aug 2) Potentially reverting as a safe heaven trade and 3) Dollar has ...

Equity Trade Recommendations

Closing of Eli Lilly & Co

Closing of Eli Lilly & Co

Rationale: Closing out position as company is trading above revised price targets and valuation is no longer attractive ...
Buy Recommendation for Swiss re

Buy Recommendation for Swiss re

Swiss Re AG offers reinsurance, insurance and insurance linked financial market products. The Company offers automobile, liability, accident, engineering, marine, aviation, life, and health insurance. Swiss Re also manages fixed-income and equity investments for itself and other insurance companies ...
Buy recommendation for Global X Copper Mining ETF

Buy recommendation for Global X Copper Mining ETF

The Global X Copper Miners ETF is an exchange. traded fund incorporated in the objective is capital growth. The invests in high quality businesses, whose securities are attractively priced, with strong management teams that they believe best have the potential ...
Buy Recommendation for Freeport-McMoran Inc

Buy Recommendation for Freeport-McMoran Inc

Freeport-McMoran Inc. is an international natural resources company. The Company operates large, long-lived, geographically diverse assets with significant reserves of copper, gold, molybdenum, cobalt, oil, and gas ...
Buy recommendation for Facebook Inc. -A-

Buy recommendation for Facebook Inc. -A-

Rationale: Use recent sell-off to initiate position in leading global social media company with an attractive total return potential ...

MSM NEWS & ANNOUNCEMENTS

MSM Golf Event

We had a successful golf event with champagne and dinner on the 2nd of September at Masion Blanche Golf club ... Read More →

MSM Welcomes David Lowe

Dear All, MSM Investment Advisors SA and NeuroAssets Sarl represented by David A. Lowe, a Swiss based scientist with extensive ... Read More →

MSM Welcomes Catherine de Gaza

Dear All, I am delighted to announce and welcome Catherine De Gaza as Relationship Officer at MSM Investment Advisors SA ... Read More →