Competence Centres

Strategy

The aim of the Strategy team is to determine a fair value for the EUROSTOXX 50 and the DAX using both quantitative and qualitative valuation models. Not only cyclical components, but also interest-rate expectations and the models for risk premiums are significant for determining a fair value. In close cooperation with the local colleagues, fair value for the benchmark index in Switzerland, Austria and France is formulated.

Recommended courses of action for balance decisions are then derived from a series of fundamental, quantitative and technical factors. Based on a range of valuation models, the Bank's analysts determine an advantageous sector allocation for the EUROSTOXX and for the DAX 100. The analysis of investment styles and of other influencing factors also plays an important role in the selection of stocks.

During the course of its analyses, the team identifies attractive investment ideas both for traditional investors and for hedge funds. It also discovers special issues of interest, such as evaluation, tax, selection or accounting aspects, and investigates their effects on share prices.

Products

• Oppenheim Strategy Weekly (Germany)
• Stock Guides (Germany, Switzerland)
• Small and Mid Cap Book (Germany, Austria and soon in Switzerland)
• Oppenheim Fresh Money Buy List (Germany)

Special products

• European stock markets
• Specialised area products

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