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Risk Management

02:53 PM
Leslie Kramer
Leslie Kramer
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Northern Trust Rolls Out Enhanced Analytics Service for Fixed Income

Northern Trust's Investment Risk and Analytical Services ("IRAS") group has launched an enhanced version of its fixed income performance attribution analytical tool. The enhanced tool uses multiple sources and types of fixed income characteristic data to customize attribution analysis for fixed income investments. It is available to clients daily via Passport, Northern Trust's online institutional-client reporting system.

The tool, which is available globally, is aimed primarily at asset managers to help them pinpoint where performance is coming from in their portfolios' fixed income holdings. It also helps asset owners to better judge decisions made by their chosen asset managers. "Fixed income is a relatively opaque asset class compared to standard exchange-traded equities and, consequently, it has historically always been harder to obtain detailed, daily performance attribution analysis on fixed income holdings," said Jim Trotter, head of IRAS in Europe, Middle East and Africa at Northern Trust, in a press release. "Our new tool is the next generation in fixed income attribution analysis and is completely customizable to meet the requirements of each asset manager client depending on its individual investment process for fixed income," he added. The Northern Trust tool uses three main characteristics data categories on which analysis is based: instrument type, duration data and yield data.

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