CMS BondEdge introduces additional fixed income performance attribution approach. New functionality to be unveiled at 11th Euromoney Bond Investors Congress, 22-23 February 2005
CMS BondEdge, an Interactive Data division (NYSE: IDC), and a provider of fixed income portfolio analytics with more than 25 years of expertise, today announces the release of an additional fixed income performance attribution capability, introducing a returns-based/sector-based attribution. This new approach is in addition to existing CMS BondEdge proprietary fixed income attribution analytics, which employ a quantitative factor-based/duration-based approach supported in North America for more than 20 years.
The newly released analysis quantifies a relative weighting effect between a portfolio and benchmark within a given market segment, and then calculates a selection effect using the relative performance within that segment. Portfolio managers may define segments as a variety of contributable risk factors, including currency, sector, duration or maturity bucket, and then customise multiple report templates with user-defined hierarchy standards, e.g. by currency, then duration bucket. This ability to measure and view attribution results in a variety of user-selected ways ensures that performance analysis is more closely aligned with a given investment approach, especially where traditional attribution analysis may not apply.
"This new 'top-down' approach offers portfolio managers the flexibility to choose an attribution analysis that mirrors his or her particular investment style", explains CMS BondEdge senior vice president and product manager, Lou Gehring. "We've seen significant interest in this type of attribution approach from high yield portfolio managers, as well as from the European market, and are excited to be able to offer BondEdge® clients the option to employ either approach or both, as warranted."
CMS BondEdge will be unveiling this new functionality and conducting live demonstrations on the Interactive Data stand E7 at the 11th Euromoney Bond Investors Congress, London, 22-23 February, The Queen Elizabeth II Conference Centre, London.
Sue Mitchell, Interactive Data
Tel: +44 (0) 20 7825 8076 Email: firstname.lastname@example.org
About Interactive Data
Interactive Data Corporation (NYSE: IDC) is a leading global provider of securities pricing, financial information and analytic tools to institutional and individual investors. The company supplies time-sensitive pricing (including evaluated pricing), dividend, corporate action and descriptive information for more than 3.5 million securities traded around the world, including hard-to-value instruments. Many of the world's best-known financial service and software companies subscribe to the company's services in support of their trading, analysis, portfolio management and valuation activities.
Interactive Data is headquartered in Bedford, Massachusetts. Through its branded businesses, FT Interactive Data, ComStock, CMS BondEdge and eSignal, Interactive Data has approximately 1,800 employees in offices located throughout North America, Europe, Asia and Australia. Pearson plc (LSE: PSON; NYSE: PSO), an international media company whose businesses include the Financial Times Group, Pearson Education and the Penguin Group, owns approximately 60 percent of the outstanding common stock of Interactive Data Corporation.
For further information please see: www.interactivedata.com
About CMS BondEdge
CMS BondEdge, an Interactive Data division (NYSE: IDC), has been a provider of fixed income portfolio analytics to the investment community for over 25 years. Its client base includes more than 550 leading banks, investment managers, brokerage firms, insurance companies and pension funds throughout North America and Europe. CMS BondEdge is recognised in the industry for BondEdge®. Dedicated exclusively to fixed income, BondEdge® delivers the portfolio analysis tools enabling its customers to identify opportunities and analyse portfolio risk using the latest modelling techniques and cutting-edge research.
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