Macrobond, a provider of global economic, aggregate financial and sector data for finance professionals, has partnered with financial and data company FactSet to offer “top-down” researchers with key insights into the dynamics of international equity markets.
As noted in a release shared with Crowdfund Insider, Macrobond worked cooperatively with FactSet to develop an “aggregate” version of the US company’s Quant Factor Library – which is a point-in-time database of factor insights and consolidated data, such as alternative data, from over 70,000 securities across 127 countries and over 200 exchanges.
FactSet Quant Factor Library assists users with identifying important investment themes across global equity markets, “incorporate ideas into their portfolio construction process and transform raw data into actionable intelligence,” the announcement explained.
As stated in the release:
“The new dataset, which combines FactSet’s deep insights into individual stocks with Macrobond’s … platform for top-down analysis, allows users to efficiently form an aggregate view of the market by index, sector, country and other categories.”
As well as standard metrics like earnings yields and EPS estimates, it includes a fairly wide range of data like ownership and corporate governance – including the “number of women on boards, executive remuneration and stock buybacks” – allowing research professionals “to explore pertinent themes.”
Howard Rees, CCO at Macrobond, stated:
“Economists, strategists and asset allocators will welcome a credible new entrant that combines traditional measures, such as PE and EPS estimates, with more topical data such as ESG and investor sentiment. The expansive library of traditional content and alternative data allows additional themes, such as the number of women holding board positions, to be researched and analyzed to support investment decisions and builds on Macrobond’s market leading position as a supplier of top down ESG/SRI time-series data.”
Macrobond is a comprehensive source of economic intelligence for 4,000+ finance professionals internationally. Its flexible software-as-a-service (SaaS) platform offers quick access to macroeconomic, aggregate financial and sector time-series data from over 2,500 sources, along with integrated analytics that “enable users to quickly analyze, visualize and share the data – helping them gain strategic insights and collaborate better across their businesses.”
Bijan Beheshti, VP and Director of Strategy, Risk and Quantitative Analytics, FactSet, remarked:
“Macrobond has an impressive platform for analysing macroeconomics and aggregate financial data. We are very excited to bring FactSet’s Quant Factor Library into this ecosystem. Our partnership enables Macrobond users to leverage powerful equity signals across dozens of global universes for macro research, quant modelling and monitoring markets.”
FactSet’s Quant Factor Library has been integrated throughout the FactSet Workstation, “accessible via its suite of Analytics APIs and available in highly customised FTP deliverable data feeds.”
The announcement also mentioned that this partnership is “the latest step in a growth trajectory which has seen Macrobond achieve a series of important milestones in the previous 12 months.”
It has appointed several senior management professionals, “bringing further … expertise and regional experience to the operation.”
Additional investments in data assets have helped with expanding capabilities in various markets like China. Macrobond opened its seventh regional offices, in Stockholm and introduced a Web API data feed to continue “delivering data and modelling software to its growing client base.”
Recently, it announced “a record quarter of growth as it added another 32 global customers in Q2 of 2021 alone, spanning economic consultancies, corporates, asset managers and large pension funds.”