Matrix plans funds database for early 2004

Matrix-Data is developing an industry-wide database for fund management groups to identify where their business is coming from and profile intermediaries. The group is in early stage discussions with fund management houses and hopes to have the service, called FundBase, in place by early next year for the 2004 Isa season. FundBase would involve fund management groups pooling their administrative data. By obtaining regular feeds from participating fund groups, the service should be able to estimate the size of the market and each group's share of it. Information is to be provided on i...