RIMES Technologies, a provider of managed data and RegTech services for asset managers, owners, servicers and banks, has launched of a new data solution for Exchange-Traded Funds as part of its Managed Data Service.
RIMES’ ETF Data Management Service provides a single source of quality-assured global ETF data that has been validated, enriched and delivered in client-specified format via feed or API. RIMES has sourced over 90 per cent of global ETF data directly from the world’s leading sponsors. As part of its MDS capabilities, RIMES 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 RIMES delivers through this 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 vs indirect exposure identification will affect global shareholder disclosure reporting.
Brett Schechterman, Head of Product – North America, says: “RIMES’ ETF Data Management Service provides clarity regarding how ETF managers are obtaining their intended beta. Our approach shines a light on true economic exposure, whether the manager is fully replicating the index, using stratified sampling or utilising synthetic replication methods via derivatives, so users can fully understand their exposures alongside the portfolios they are managing in-house.”
Christian Fauvelais, CEO, says: “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 our new service. As always, RIMES is doing the data heavy-lifting so our clients can focus on their core business.”