RIMES Technologies, a provider of managed data services for asset managers, owners, servicers and banks, has released a data solution for exchange-traded funds (ETFs). The solution is part of the company’s managed data service and offers a single source of quality-assured global ETF data that has been validated and enriched, and is delivered in client-specified format via a feed or application programming interface (API).
RIMES has sourced over 90% of the global ETF data directly from the world’s leading sponsors. As part of its managed data service, the company normalises, validates and enriches ETF data sets by linking compositions with their underlying constituents, enabling users to perform portfolio management, risk, compliance and performance analysis according to their specifications. The increased transparency of the service allows risk managers to conduct comprehensive enterprise analyses, enables performance teams to accurately measure contribution to return and attribution, and facilitates effective compliance oversight by allowing teams to track an ETF impact on investment guidelines and how direct versus indirect exposure identification will affect global shareholder disclosure reporting.
RIMES CEO, Christian Fauvelais, explains: “There are thousands of ETFs on the market, and there’s no standardisation of data or delivery channels. In this environment, constructing accurate, system-ready holdings data requires deep relationships with issuers and experience working with the data. Few in-house data teams can afford the resources required to carry out these tasks rapidly and accurately – which is why we are launching a new service. RIMES is doing the heavy-lifting so our clients can focus on their core business.”