Standard & poor's fund services is adding more features to its workstation production
Standard & Poor's Fund Services is upgrading its Workstation product to offer access to its fund research factsheets and fund ratings service.
Workstation currently offers funds data and analysis tools but the group will add to this the qualitative and quantitative funds information it offers online at www.funds-sp.com.
As well as giving Workstation users access to S&P's fund ratings and fund factsheets, the service continues to offer access to fund performance, S&P ratings, S&P Star ratings, volatility and absolute and relative performance history.
The new information available through Workstation will also include direct links to contact details for fund management groups, index line charts of funds against sectoral peers, management group ratings, fund ratings, fund management groups' other funds, peer sector groups and the websites of fund management groups.
S&P's Fund Services said the move is part of an aim to shift its products away from dedicated desk-based services to a web-based offering capable of serving a broader base of investors, advisers and those marketing funds.
Paul Barnes, market and strategic development director at Standard & Poor's Fund Services, said: 'All our clients seek easier information handling and wider dissemination of our information.
'We intend to move all our products to the web and to seamlessly integrate the combined offerings of S&P's Fund Services ratings and information. This substantial upgrade to Workstation is a fundamental step in the process of extending our information and analysis to the widest possible range of users, giving established and future clients information in the format that best serves their needs.'
Michael McCormack, UK media manager at Standard & Poor's, said the move was prompted by demand from S&P's clients, rather than being a response to the increase in competition in the UK funds rating market, with the emergence of Morningstar and Forsyth Partners.
The ratings agency is also introducing a range of new features to its website at www.funds-sp.com. These will include group profile and fund charges features, as well as information on the latest fund ratings issued and the latest changed ratings made by S&P's. The group is also planning to offer a feature detailing fund managers on the move, a ratings under review service, as well as a quarterly monitor and a news review feature on the website.
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