The upgrades are designed to help make assessment of funds more straightforward and consistent with latest fund analysis techniques – by deploying ratings data from leading agencies. The upgrade also includes a ratings ‘traffic-light’ component to assist advisers in rapidly assessing both existing fund holdings, and prospective new investments, against their clients’ target asset allocation.
Launched in Novermber 2005, the PortfolioPlanner is used by over 1,500 firms. The enhanced PortfolioPlanner now displays fund ratings within the fund construction module, whilst the new ‘traffic light’ system allows advisers to pre-set criteria based on their fund selection methodology to make portfolio construction to target asset allocations much more straightforward. The tool also generates a detailed investment trades report, including the ability to present bulk switch recommendations out of lowly-rated funds.
Head of FundsNetwork David Dalton-Brown says:“By introducing these enhancements, we are effectively streamlining the way in which funds are analysed and reviewed, which means a significant time-saving element for advisers as well as supporting best-practice in fund selection and portfolio construction.”