Macrobond partners with FactSet to deliver unparalleled equity market and alt-data insights
Macrobond, a leading provider of global economic, aggregate financial and sector data for finance professionals, has teamed up with financial and data company FactSet to provide top-down researchers with unparalleled insight into the dynamics of global equity markets.
Macrobond worked with FactSet to build an aggregate version of the US firm’s Quant Factor Library – a point-in-time database of factor insights and consolidated data, including alternative data, from more than 70,000 securities across 127 countries and more than 200 exchanges. FactSet Quant Factor Library helps users detect investment themes across global equity markets, incorporate ideas into their portfolio construction process and transform raw data into actionable intelligence.
The new dataset, which combines FactSet’s deep insights into individual stocks with Macrobond’s cutting-edge 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 such as earnings yields and EPS estimates, it includes a broad range of data such as ownership and corporate governance – including the number of women on boards, executive remuneration and stock buybacks –enabling researchers to explore pertinent themes.
Howard Rees, Chief Commercial Officer, Macrobond, said: “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 analysed 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 the world’s most comprehensive source of economic intelligence for more than4,000 finance professionals globally. Its flexible SaaS platform provides instant access to macroeconomic, aggregate financial and sector time-series data from more than 2,500 global sources, along with integrated analytics that enable users to quickly analyse, visualise and share the data - helping them gain strategic insights and collaborate better across their businesses.
Bijan Beheshti, Vice President and Director of Strategy, Risk and Quantitative Analytics, FactSet, said: “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 is integrated throughout the FactSet Workstation, accessible via its suite of Analytics APIs and available in highly customised FTP deliverable data feeds.
This strategic 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 personnel, bringing further world-class expertise and regional experience to the operation. Further investments in data assets have expanded capabilities in key markets such as China. Macrobond opened its seventh major regional offices, in Stockholm and launched a unique Web API data feed to continue delivering data and modelling software to its growing client base. Most 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.