The leading knowledge platform for the financial technology industry
The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

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

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.”

Related content

WEBINAR

Recorded Webinar: Evolution of data management for the buy-side 2021

The buy-side faced a barrage of regulation in 2020 and is now under pressure to make post-Brexit adjustments and complete LIBOR transition by the end of 2021. To ensure compliance and ease the burden of in-house data management, many firms turned to outsourcing and managed services. But there is more to come, as buy-side firms...

BLOG

LIBOR’s End Should be a New Beginning for Corporate Treasuries’ Data Management

By Neil Sandle, Head of Product Management, Alveo. For many treasuries, LIBOR (London Interbank Offered Rate) is one of their most critical benchmarks. Together with the exchange rates of major currencies it is an essential piece of data, underpinning contracts worth trillions of dollars. The long-standing centrality of LIBOR is why well-publicised global moves to...

EVENT

Data Management Summit USA Virtual

Now in its 11th year, the Data Management Summit USA Virtual explores the shift to the new world where data is redefining the operating model and firms are seeking to unlock value via data transformation projects for enterprise gain and competitive edge.

GUIDE

Preparing For Primetime – How to Benefit from the Global LEI

They say time flies when you’re enjoying yourself, and so it seems the industry have been having a blast with its preparations for the introduction of the global legal entity identifier (LEI) next month. But now it’s time to get serious. To date, much of the industry debate has centred on the identifier itself: its...