Interactive Data Corporation’s Managed Solutions group has signed an agreement with Spanish financial information company Unidad Editorial (Un), under which Interactive Data has rights to market and distribute funds data provided by Un’s newspaper Expansión in Spain and Portugal. The agreement also includes calculating, maintaining and distributing Expansión’s new star ranking of funds in both countries.
The information provided by Expansión comprises pricing and fundamental data for all funds licensed in Spain and Portugal across all funds classes, and includes fundamental data, daily prices and history. Based on this information, Interactive Data calculates and maintains, for and on behalf of Expansión, the “Expansión Ranking”, a star ranking launched by the newspaper in January 2008.
Interactive Data has indicated that it will also enhance Expansión’s web portal, expansion.com, to provide extensive funds data – similar to the newspaper offering – as well as fact sheets, search and comparison functionalities using the vendor’s Funds Suite solution.
Jesús Martinez de Rioja Vázquez, editor at Expansión, says: “We believe that this relationship will add value to our end users in the funds industry, and the new star rankings can help our readers make informed investment decisions.”
Carsten Dirks, managing director, Interactive Data Managed Solutions , adds: “The new relationship with Expansión gives us an excellent opportunity to significantly enhance our data offering with comprehensive funds information for the Spanish and Portuguese market. The relationship between Expansión and Interactive Data further strengthens our position as a leading funds data provider. Together with Expansión, we aim to increasingly establish this vast funds data offering as an indispensable reference source not only for customers in Spain and Portugal, but also for the global funds industry.”