RESEARCH & NEWS

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

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

Global bond markets remain the laggards of 2018! US rates moved a touch higher over the past two weeks leading to a 0.6% drop in bond market local returns for the Global Aggregate index.  The moves were reflected in EM ...
Alternative Asset Overview

Alternative Asset Overview

Energy (+11.9%) continues to expand its lead over the Alternative Asset class in 2018! The HFRI Absolute return index remains the only broad benchmark showing positive returns (+1.1%) as CTAs and Global hedge indices continue to lag and the Bloomberg ...
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 ...
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 ...
Global Currencies Overview

Global Currencies Overview

The trade-weighted USD (DXY) has moved a touch higher (+0.4%) these past two weeks on renewed China threats by Mr. Trump The US President’s pursuit of a bifurcated trade policy (soft on a renegotiated version of NAFTA and hard on ...
Macro Update

Macro Update

Our current view on the currency markets ...
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 ...
Emerging market : Turning Positive on Valuation

Emerging market : Turning Positive on Valuation

Emerging Market PE vs S&P 500 : Spread at Multi-Year Lows Emerging market valuations are pushing to multi-year lows relative to the S&P 500 on the back of the ongoing US Trade Policy uncertainties, unresolved sanctions on Turkey and fears ...


Daily Overview

Market Commentary

Market Technicals - Views

Market Technicals – Views

US/China trade tensions linger with Trump hinting to an additional $267B in potential tariffs over the $200B US yield curve inversion remains a ‘HOT TOPIC’ along with the elevated short positioning Italian yields stabilising but still not out of the ...
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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

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 ...
NASDAQ SELL AT 7130

NASDAQ SELL AT 7130

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 ...

Commodities Trade Recommendations

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 ...
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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 ...
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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 →