EVESTMENT. The Importance of Data Population: Holdings 12/01/2016

Transcription

1 EVESTMENT The Importance of Data Population: Holdings 12/01/2016

2 Agenda Client Action Request Tips Common Validation Issues How to Group Them Example Holdings - Requirements/Checklist Holdings Analysis What is it? Key Usage Importance

3 Client Action Requests Filter on Data Section Export to Excel for further review. 3

4 Holdings Validation: Resolution: Duplicate identifiers, security names and/or tickers within the same product are not allowed in evestment, Cambridge, Informa and Morningstar - Informa truncates tickers to 10 characters and security name to 50 characters - Cambridge truncates security name to 30 characters for Top 10 Holdings Check for duplicates in your holdings file, and consolidate lines where necessary. - Conditional Formatting -> Highlight Cells Rules -> Duplicate Value - Check for duplicates within 30 characters as Cambridge truncates the top 10 - Use a formula IF COUNTIF Statement in excel in a new column Example for security names: =IF(COUNTIFS(Criteria_range_1 is description(lock), criteria_1 is the description, Criteria_range_2 is the product name (lock), Criteria_2 is the product name), = 1,, Duplicate ). This will flag all duplicates within a product. Validation: Resolution: Missing values from required fields Ensure that required fields have values within them - Weight, identifier, holdings name, number of shares, security price Validation: Resolution: Invalid identifiers detected in evestment, Cambridge, Informa and Morningstar Ensure identifiers are alphanumeric, match the identifier type and are full length - SEDOLs (7 characters); CUSIPs (9 characters); ISINs (12 characters) - Check length with a length formula (=Len()) then filter on those that are not 7, 9, or 12 characters Other validations: negative weights rejected by Cambridge; coupon value must be between 0 and 2000 in Morningstar

5 1. An 8-character CUSIP will be rejected by Cambridge, as it requires 9 characters. 2. Duplicate data points which will fail database validations. Cambridge will accept only the first line, and reject any subsequent duplicates 5. Mismatched identifier and identifier type. This is a SEDOL and not CUSIP. 3. Missing fields. Note that the number of shares for cash should be the market value for cash. 4. Cambridge would truncate these two unique lines to 30 characters and they would duplicate as Citigroup Mortgage Loan Trust, and be rejected.

6 Holdings Analysis What is it? An evestment tool that provides a view into how asset managers are actively allocating capital across equity securities, sectors, industries and geographies. 6

7 Holdings Analysis Key Usage Consultant/Investor Clients Understand Manager Strengths and Weaknesses. Track Performance Over Time. Verify Philosophies and Identify Potential Style Drift. Asset Manager Clients Demonstrate Your Added Value. Understand Performance in the Context of Actual Holdings. Tell Your Best Story Across Your Organization. 7

8 Holdings Analysis - Importance Why is it important to Omni users? The data provided by you is the source of the information provided to consultants and investors via Holdings Analysis. Key Points Accuracy Top 10 contributors/detractors, missed opportunities and dodged bullets. Consistency with other data sections Characteristics Calculated vs submitted active share, sector allocations etc. Allocations Calculated vs submitted country/currency allocations. Narratives Style Drift. 8

9 Contact Us. Omni Source Team evestment Alliance, LLC. All rights reserved. The information contained herein is proprietary information of evestment and/or its content providers and this information is for use by evestment s intended recipients only. You may not redistribute or copy any of the material contained herein without the express, written permission of evestment. Neither evestment nor any of its content providers will be responsible for any damages or losses arising from any use of this information. The information contained herein is for informational and research purposes only and you should not make any investment decisions relying on any of this information. evestment and the E logo are registered trademarks of evestment Alliance, LLC. 9