Thomson Financial/ Wiesenberger, the leading provider of technology and information solutions to the financial services industry, has reached an official agreement with FT Interactive Data, a division of the Financial Times of London and the premier international fund data provider, to receive comprehensive daily data feeds on worldwide offshore funds and UK unit trusts.
Wiesenberger has confirmed that this latest service came in response to the industry's growing need for comprehensive international fund information offered on powerful platforms. 'We have been collecting offshore fund data from our fund company clients all year. But the exponential growth of these funds warranted more comprehensive data coverage, which is why we resorted to the Financial Times. Global fund companies, as well as financial intermediaries, see the huge potential in these cross-border opportunities, but realize that they need the right combination of data and tools to maximize their chances of success,' said Michael Iapalucci, executive vice president of international business development at Thomson Financial/ Wiesenberger.
He Added: 'Integrating FT Interactive Data's premier coverage of the international fund universe into our sophisticated online tools creates a strong platform for our clients and the industry to further penetrate and grow in these markets.'
InvestmentView.net will be the first to incorporate the data, the product's main features include a Hypothetical illustration tool that allows users to run investment scenarios on offshore funds using historical data. The tool allows for multi-currency fund comparison, portfolio construction, as well as the addition, withdrawal or transfer of investments in and between securities.
InvestmentView.net also features the Profile tool, which offers performance summaries, risk measures, top holdings and descriptive information on offshore funds. The solution is designed to help advisors with the sales and presentation process and increase their productivity.
Michael Iapalucci explained: 'The demand for international fund solutions is very broad-based. From asset allocation tools to hypothetical illustration capabilities, financial services firms are looking for solutions to help them build and expand their third-party distribution efforts. As such, we are including the offshore fund data in our entire suite of online products to fulfill these needs.'
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