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Leading Asset Manager in Japan Relies on SIX Telekurs for NAV Calculation

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Finselect, the evaluation price service for the daily evaluation of securities which comply with the former Japanese Pension Fund Association’s guidelines, now has an additional module Finselect MF, which specifically targets the pricing needs of the Japanese investment trust industry. With Nikko Asset Management Co Ltd, SIX Telekurs has gained one of the largest Japanese asset management companies as its pilot customer.

Finselect MF supports the calculation of the NAV (Net Asset Value) of mutual funds (investment trusts) and can be used to evaluate all categories of international investment assets. The move to the latest Web 2.0 technology and additional multi-tasking capabilities offers a faster and more convenient user experience.

Finselect’s price selection engine produces the most suitable evaluation price for every security in an international portfolio. It also fulfils the requirements of the Japanese investment trust industry, including the stability of the data source and the consistency of evaluation rules. Additional services and functionalities including basic and reference data and customisable file formats are also available as part of the Finselect platform.

Clients can select valuation prices from a comprehensive macrocosm of primary exchanges, securities associations and brand-name providers of calculated bond prices which cover almost any asset class.

Finselect is based on the latest Web 2.0 technology. It is cross-browser compatible and is not reliant on third party plug-ins. It provides an easy way to import large lists of securities into the application and manage them with a myriad of functionalities. The output lists can be downloaded directly or via FTP in different customisable formats enabling smooth integration into the client’s target application systems.

SIX Telekurs is very proud to have gained Nikko Asset Management Co (Nikko AM), one of the largest Japanese asset management companies, as its pilot customer, who has been using the product since 1st April 2010.

Alain Delfosse, managing director at SIX Telekurs Japan Ltd, comments: “The new Finselect price selection mechanism offers unique features. For example, in close cooperation with our clients, we determine which valuation prices from which markets are to be used in order to fulfil the requirements of fund accounting for mutual funds. In this way SIX Telekurs can offer real added value to the process of fund administration. One of the reasons why Nikko AM chose SIX Telekurs over competitors was our broader range of data coverage and high level of quality. We are excited to be working with Nikko AM to further support their evolving data needs.”

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