To address the demands of regulatory agencies globally who have begun to mandate that individual fund investments are aligned with the broader objectives stated in the fund’s name, ICE has launched a service to help clients with verifying that their portfolio holdings align with the terms used in the fund’s name.
Leveraging its existing regulatory infrastructure to provide portfolio testing by running each holding through a client set of configured rules. In future releases, the service will return individual holding and aggregate portfolio level results.
The service uses ICE Climate data for ESG terms and, as we expand our solution capability, will use a combination of reference data and third-party fundamentals data for appropriate terms required by the US SEC.
Specifications
Key Features
- ICE’s rule library is available at initialisation, users can leverage more standardized terms available in the library
- Ability to create own rules that align with the defined investment strategy
- Utilise ICE’s wide array of datasets for use within the rules:
- Pricing data (determine portfolio value)
- Reference data (identify security features)
- Controversial business activities
- Fundamentals (align revenues with investment strategies)
- ESG/Climate data
- Flexibility to adjust rule parameters to reflect changing investment circumstances
- Accommodate updated market cap values
- Client driven, on-demand test initiation
Products
The evolution of our file-based offering. Bringing together, in a unified solution Corporate Actions, Reference Data, Analytics and our wealth of pricing datasets including ICE Evaluations, CEP, Fair Value Information Services & Listed Market Pricing.
Buy-side and sell-side front offices continue to embrace more data and more technology in order to expand their opportunities and gain an edge over the competition. Enrich front office systems with ICE’s Data API solution, providing intraday access to fixed income pricing, on-demand analytics, reference data and more.