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The leading knowledge platform for the financial technology industry

A-Team Insight Blogs

SIX Telekurs Enhances Fund Transparency with Morningstar Holdings Data

SIX Telekurs recently announced the availability of fund constituent data on over 70,000 global funds from Morningstar, giving customers another channel through which to leverage Morningstar’s longstanding expertise in the procurement, analysis and management of fund information. The fund holdings data is a significant enhancement to SIX Telekurs’ Valordata Feed (VDF), which offers reference data and pricing information on over 6.2 million securities.

In order to help our clients stay competitive and compliant, SIX Telekurs continually works to enhance its financial data offering. This addition of the fund holdings information from Morningstar is one significant example. Morningstar has collected fund composition data for over 20 years, and today relies on its global staff of over 600 dedicated data analysts and developers to compile holdings for nearly 250,000 mutual funds domiciled in over 80 countries.

“With this data, customers can drill down to the component level of a fund. This allows them to understand their real exposures regarding a particular company, industry sector, region, rating or asset category and thereby take any necessary measures”, says Mirko Silvestri, head of product management for SIX Telekurs. “When rich holdings data, such as that which is delivered by Morningstar, is coded and integrated into our structured and linked database, customers have an amazingly robust framework with which to analyse and manage their fund positions.”

“We are pleased to have our fund holdings available on SIX Telekurs’ Valordata Feed, as the structure of this service further enriches the utility of our data”, said Jimmy Mohns, European product manager for Morningstar’s Datafeed Business. “As the regulatory environment tightens and institutions look more closely at their overall risks, this combination of data and technology will prove very valuable to our global customers. By aligning our efforts we will be able to provide a powerful offering to the market. Moreover, by utilising our global coverage of underlying fund holdings and by marrying that information with SIX Telekurs’ global distribution network, we expanded our reach considerably. This project has been a huge success, and we are looking forward to future collaborations between Morningstar and SIX Telekurs.”

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