FactSet Revamps its Portfolio Analytics Suite

November 8, 2001 (PLANSPONSOR.com) - FactSet Research Systems Inc., a supplier of online research, has enhanced its portfolio analytics suite of applications.

FactSet’s Portfolio Analysis (PA) application can now calculate transaction-based returns, allowing clients to:

  • replicate an AIMR/GIPS-compliant return in the Attribution and Contribution reports in PA
  • incorporate daily purchases and sales for all holdings in their portfolios
  • measure the value added by trading, by comparing daily-linked performance with transaction-based performance
  • capture performance from the same-day purchase and sale of a security, or trade prices that differ from the market close.

FactSet also introduced Portfolio Gallery, a Web-based reporting tool that allows companies to disseminate holdings and returns-based reports generated in the PA and Style, Performance and Risk (SPAR) applications via their intranets.

In addition, users can create complex portfolio composites by aggregating combinations of portfolios, benchmarks, or competitor funds when performing holdings-based analysis.

Composites can be defined as percentage-weighted, equal-weighted, or dollar-weighted.

FactSet has also integrated two databases into the PA application, providing access to:

  • its LionShares ownership data through the Portfolio Lookup utility
  • Lipper Equity Classification for any open-end mutual fund.