Managing Director, MTS Research

Peter Beuttell

Managing Director

MTS Research

MTS Research Limited is an independent investment research company specialising in technical analysis. 

MTS Research provides technical analysis services in the form of regular publications and consultancy advice, catering for a number of different investment approaches from absolute or relative returns to long-only and long/short.  The company has a global client base of blue-chip financial institutions ranging in size and stretching from Los Angeles to Tokyo, via New York, London, Frankfurt and Hong Kong.  

MTS was founded in 1989 at the request of Morgan Grenfell Investment Services Limited (MGIS), the ERISA arm of Morgan Grenfell Asset Management (subsequently Deutsche Asset Management), by Peter Beuttell, a Portfolio Manager at MGIS between 1987 and 1989. 

Peter is a qualified Chartered Accountant and self-taught market technician with over 30 years experience.  At MGIS, Peter managed money in European, Australasian and Far East markets for US clients, such as American Airlines and American Petrofina.  He achieved first quartile perfomance on their behalf by blending fundamental and technical analysis in his investment decision-making.  

After an initial focus on the EAFE markets (Europe, Australasia and Far East), the company has recently expanded its coverage to include the Americas, thanks to the recently-completed two-year Knowledge Transfer Partnership with the University of Plymouth.  The resulting software – the Technical Overlay Program (TOP) – allows fund managers to access an immediate Technical view on any market, sector, stock, bond yield, currency or commodity within their selected universe.

MTS Research consists of a team of five based in Penzance and London. 

Technical Analysis

With our post-2009 wave counts nearing completion (and acceptably complete in NASDAQ 100), we have been watching nervously to see if the S&amp;P would produce a sharp sell-off along the lines of Q2 2000 or Q3 2007, providing an initial warning that it might have begun top-building.  The recent decline certainly qualifies.

With our post-2009 wave counts nearing completion (and acceptably complete in NASDAQ 100), we have been watching nervously to see if the S&amp;P would produce a sharp sell-off along the lines of Q2 2000 or Q3 2007, providing an initial warning that it might have begun top-building.  The recent decline certainly qualifies. 

Bespoke Research on China and neighbouring regions, Bixmoor

Bixmoor

Bespoke Research on China and neighbouring regions

Bixmoor specialises in providing bespoke research to business, governments and the financial community on China and neighbouring regions. We seek to build long-term relationships with our clients, based on our expertise, our reliability and our determination to find the right solution.

Thematic (Sector/Industry)

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its 'Sons and Daughters Program'. The silence since then from Chinese anti-corruption officials has been deafening.

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its 'Sons and Daughters Program'. The silence since then from Chinese anti-corruption officials has been deafening.

Chinese Officials Turn a Blind Eye to Corruption

Research and consultancy, Tabbush Report

Daniel Tabbush

Research and consultancy

Tabbush Report

We provide research and consultancy on Asian banks. Our focus is on what we call “Asian bank research, without the noise.” We are interested in the most critical swing-factors for banks, the NPL and credit cycle, and where we believe there is a gap between perception and reality. We often focus on the less studied components of bank financial statements.  Our research is highly thematic, sometimes examining unlisted banks and companies as a window on mainstream banks. 

Being independent allows us to look at smaller banks, often overlooked by others. Analysis of BIS bank guidelines in the context of Asia, is also a focal point, while we also analyze global banks operating in the region. We use what we believe is the most comprehensive, reliable financials database, SNL Financial. S&P Capital IQ augments our database, with corporate data and CEIC, with economics. 

Asian bank research, without the noise.

With new China data it’s easy to consider a fairly benign growth environment.  The reality is more striking. The People’s Bank of China (PBOC) publishes claims on non-financial institutions for China’s banks, which is essentially corporate lending.  Growth has just reached a 10-year low of 6.1% YoY in February. Where these loans are 2.5x the level of consumer loans, they are important and their trend, a reasonable reflection of economic strength. In any case, the first two months of 2017 are far…

With new China data it’s easy to consider a fairly benign growth environment.  The reality is more striking. The People’s Bank of China (PBOC) publishes claims on non-financial institutions for China’s banks, which is essentially corporate lending.  Growth has just reached a 10-year low of 6.1% YoY in February. Where these loans are 2.5x the level of consumer loans, they are important and their trend, a reasonable reflection of economic strength. In any case, the first two months of 2017 are far…

Chart based progressive global trading strategies, Chart Partners

Thomas Schroeder

Chart based progressive global trading strategies

Chart Partners

Chart Partners objective is to discover medium-term cycle turns and profit opportunities before they unfold, within structural trends while preserving capital with clear degrees of risk. We have real return ideas. 

Markets are dynamic and trading systems must reflect this. It is crucial to determine underlying correlations and lead-lag relationships within global markets and the impact on linked instruments. Our weekly Chartonics product gives you short-term trading strategies that can be applied within the medium and longer term macro trends that are mapped out in our strategy updates. 

Our methodology fuses global market variables and isolates drivers in trends. We specialize in FX, index trade in NY and Asia with a focus on Asian stocks. 

MSCI AC Asia Pacific Excluding Japan Index / Technical Analysis

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

MSCI AC Asia Pacific Excluding Japan Index

<a href="https://www.smartkarma.com/entities/msci-ac-asia-ex-japan-index" target="_blank" data-smartkarma-citation="entities:25950:1" rel="noopener">Msci Ac Asia Ex. Japan Index (MXASJ INDEX)</a> is showing some precarious signals after the linear rise since March.Stand out chart points are the rising price wedge, pivotal trendline support and RSI non confirmation of recent index highs within a contracting pattern due for a breakout. Divergence forms when a trade becomes crowded on deteriorating breadth and buy volumes and typically slowing upside momentum. Momentum was strong until early July when indecision started to creep into price action (rising wedge).Buy volumes in core indexes in Asia have deteriorated on a lack of participation. We now face a stronger USD spill over from EM FX that will fan the flames of an initial equity breakdown. Pundits will be caught off guard on a surprise dollar spike.

Msci Ac Asia Ex. Japan Index (MXASJ INDEX) is showing some precarious signals after the linear rise since March.Stand out chart points are the rising price wedge, pivotal trendline support and RSI non confirmation of recent index highs within a contracting pattern due for a breakout. Divergence forms when a trade becomes crowded on deteriorating breadth and buy volumes and typically slowing upside momentum. Momentum was strong until early July when indecision started to creep into price action (rising wedge).Buy volumes in core indexes in Asia have deteriorated on a lack of participation. We now face a stronger USD spill over from EM FX that will fan the flames of an initial equity breakdown. Pundits will be caught off guard on a surprise dollar spike.

Warning/Bear Signals in MSCI Asia Ex Japan

Partner, River Valley Asset Management

River Valley Asset Management

Partner

Singapore-based boutique asset management firm

River Valley Asset Management is a Singapore-based boutique asset management firm. Our team at RVAM strongly believes in being a trusted steward of our clients' wealth across generations.

Each of our fund managers has years of rich portfolio management experience over multiple market cycles at world-class investment houses. We bring our clients the combined strength of our investment team to manage their financial portfolios and to provide bespoke guidance on all aspects of their financial health.

We offer multi-asset class expert investment advice to accredited investors who are family offices, high net worth individuals and institutional investors to preserve and grow our clients' wealth.

The fund management team of the company includes Homiyar Vasania, Anand Ramachandran and Jamshed Desai.

MSCI AC Asia Pacific Excluding Japan Index / ESG

All investments involve some degree of risk. In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. When making decisions we evaluate a variety of risks, business, economic, volatility, etc. Among them, regulatory risk is one of the most difficult ones to always get a grip on, across countries. Regulatory risks which many a times comes out of sharp changes in Government policy, are often unforeseen or least expected. Such risks often include seemingly and irrationally high unexpected doses of taxation, investors are caught blindsided, wondering how they could have missed handicapping such an event when building their investment case.The outcome of such actions often precipitates a violent reaction in the stock price of companies directly impacted, giving investors no time to respond or react when the first stab of price action happens. These are the proverbial bolts from the blue, that knock the stuffing out of stock prices for quite some time before some recover their pose, while many don’t for years. As markets enter phases of rising volatility, the risks of stock taking knocks from unexpected actions rise and we have seen quite a few this year. Our piece this month is inspired by some of these.

All investments involve some degree of risk. In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an investment decision. When making decisions we evaluate a variety of risks, business, economic, volatility, etc. Among them, regulatory risk is one of the most difficult ones to always get a grip on, across countries. Regulatory risks which many a times comes out of sharp changes in Government policy, are often unforeseen or least expected. Such risks often include seemingly and irrationally high unexpected doses of taxation, investors are caught blindsided, wondering how they could have missed handicapping such an event when building their investment case.The outcome of such actions often precipitates a violent reaction in the stock price of companies directly impacted, giving investors no time to respond or react when the first stab of price action happens. These are the proverbial bolts from the blue, that knock the stuffing out of stock prices for quite some time before some recover their pose, while many don’t for years. As markets enter phases of rising volatility, the risks of stock taking knocks from unexpected actions rise and we have seen quite a few this year. Our piece this month is inspired by some of these. 

China

The MSCI AC Asia Pacific excluding Japan Index is a free-float weighted equity index. It was developed with a base value of 100 as of December 31, 1987.

MSCI AC Asia Pacific Excluding Japan Index (MXAPJ INDEX)

S&P 500: The First Phase of Top-Building

With our post-2009 wave counts nearing completion (and acceptably complete in NASDAQ 100), we have been watching nervously to see if the S&P...

Peter Beuttell

Chinese Officials Turn a Blind Eye to Corruption

One of America's most prestigious investment banks was fined hundreds of millions of dollars last year for bribing Chinese officials through its...

Bixmoor

Weakening Credit in 1Q17 in China

With new China data it’s easy to consider a fairly benign growth environment. The reality is more striking. The People’s Bank of China (PBOC)...

Daniel Tabbush

Warning/Bear Signals in MSCI Asia Ex Japan

Msci Ac Asia Ex. Japan Index (MXASJ INDEX) is showing some precarious signals after the linear rise since March.Stand out chart points are the...

Thomas Schroeder

Bolts from the Blue

All investments involve some degree of risk. In finance, risk refers to the degree of uncertainty and/or potential financial loss inherent in an...

River Valley Asset Management