Standard & Poor's has stepped up its drive towards greater visibility in the intermediary marketplac...
Standard & Poor's has stepped up its drive towards greater visibility in the intermediary marketplace with the launch of a portfolio and asset allocation internet database for UK unit trusts, Oeics and offshore funds.
The group intends that by the end of April more than 2,200 funds will be covered by individual factsheets, available through its website at www.funds-sp.com.
The factsheets, which carry performance analysis graphs, give standardised information on portfolios. The data includes top 10 securities holdings by name and percentage weightings in the portfolio, along with asset allocation by industry, country and region.
For funds investing in more than one monetary region, currency allocation is also provided. In a further extension of the service, due to be added by 21 June, funds investing in fixed interest securities will receive extra coverage.
The factsheets will offer qualitative breakdowns of portfolio holdings in each S&P ratings class, such as exposure to AAA, AA, or A bonds, as well as the duration profile of portfolio holdings.
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