Research and Publications

Learn more about our Market Outlook

Understanding how financial markets work and what drives them is key to implementing a successful investment strategy. The Investment Office at Marcard, Stein & Co offers clients a variety of research services.

Macro Research

The most important macroeconomic indicators are continuously analyzed, aggregated, and processed in proprietary models by the Investment Office. This makes it possible to identify and anticipate business cycle trends and inflationary/deflationary pressures. Analyzing the macroeconomic environment is a centerpiece of our tactical asset allocation process. In addition to making medium-term macroeconomic forecasts, the Investment Office also interprets and provides comments on current events in financial markets and the global economy.

Market Research

Markets move in trends. Thus, asset prices do not always correspond to intrinsic values. The Investment Office has developed tools to measure valuation levels and trends in bond and equity markets. Not only do these tools indicate whether bonds or stocks are more attractive; they also identify the most attractive markets within each asset class.

Customized and Thematic Research

On request, we create customized research reports on special topics and markets for our clients. In addition to conducting our own research, we systematically extract valuable information from media as well as from research reports by brokers, central banks, and international organizations.

Product Research

We analyze financial products and clarify how they work and which potential risks and rewards they entail. In our product research, we focus on the quality of companies and issuers and on the design and pricing of financial products. The products we analyze comprise stocks and bonds as well as funds and derivatives. We conduct our analyses on an individual basis for each client in the context of his/her entire portfolio.