Press release from Business Wire
GMI Ratings' Governance and Accounting Risk Data Now Available Through FactSet
<p class='bwalignc'> <i><b>Investors Can Now Seamlessly Integrate ESG and Accounting Risk Into Their Investment Process</b></i> </p>
Wednesday, November 06, 2013
GMI Ratings' Governance and Accounting Risk Data Now Available Through FactSet09:12 EST Wednesday, November 06, 2013
NEW YORK (Business Wire) -- GMI Ratings, the leading provider of research, data and analytics on environmental, social, governance and accounting-related risks, today announced that FactSet, (NYSE: FDS | NASDAQ: FDS), a leading provider of integrated financial information data and analytical applications, will deliver GMI's governance and accounting risk data to investors through the FactSet workstation.
Increasingly, investment professionals are integrating governance and accounting risk factors into their investment processes and models as more empirical evidence validates the linkage between governance and performance.
The unique GMI data sets now accessible to FactSet subscribers include elements of GMI's Forensic Alpha Model (FAM™), its Accounting and Governance Risk (AGR®) model and GMI's ESG research and ratings, including the 150 ESG KeyMetrics® that drive the ratings. FAM is designed to use forensic accounting and governance-related measures of issuer risk to efficiently gain exposures to sustainable drivers of investment return, while AGR is used by investors for risk mitigation and ESG ratings and research are used for portfolio sustainability screening and management.
“With our robust data now available through FactSet, investment managers, pension funds, hedge funds and other institutional investors can integrate GMI's ESG and Accounting risk data and analytics into their own models and investment process”, said Dan Concannon, President and Chief Executive Officer of GMI. “FactSet clients can also leverage elements of GMI's Forensic Alpha Model for portfolio construction and optimization and ultimately, performance enhancement.”
GMI data will be accessible to FactSet subscribers through the platform's Alpha Testing, Portfolio Analysis, Universal Screening, Data Downloading, and MS Office integration functions and can be permissioned globally or by geographic region.
“FactSet is pleased to add GMI Ratings' three core models to our content offerings and analytics suite,” said Rick Barrett, FactSet's Senior Vice President of Quantitative Analytics. “As GMI's ESG and AGR models have gained traction in the marketplace through the years, we've heard from more and more clients looking to combine that content with FactSet's powerful analytics. The newly-released Forensic Alpha Model will let our clients add unique and uncorrelated factors to their existing alpha models within our screening, backtesting, and optimization tools.”
FactSet's highly regarded platform, which delivers real-time and historical content and robust analytical and charting capabilities, is a preferred channel through which institutional investors support and manage their investment process.
GMI will conduct a brief webinar to review the integration of GMI's data on Thursday, November 14 at 11:00am. To register, please click here.
About GMI Ratings
GMI Ratings is an independent provider of research and ratings on environmental, social, governance and accounting-related risks affecting the performance of public companies. The firm's ESG ratings for more than 6,000 companies worldwide incorporate 150 ESG KeyMetrics® to help investors assess the sustainable investment value of corporations. The firm also provides Accounting and Governance Ratings (AGR®) for approximately 19,000 public companies worldwide. AGR metrics reflect the accuracy and reliability of a company's financial reporting. Clients of GMI Ratings include leading institutional investors, banks, insurers, auditors, regulators and corporations seeking to incorporate accounting and ESG factors into risk assessment and decision-making. The firm's Forensic Alpha Model (FAM™) helps investors predict stock returns using forensic accounting and governance-related measures of issuer risk. In the 2012 and 2013 Independent Research in Responsible Investment (IRRI) Survey conducted by Thomson Reuters Extel and SRI-CONNECT.com, GMI Ratings was named “The Best Independent Corporate Governance Research Provider”. For more information please visit www.gmiratings.com.
FactSet Research Systems Inc. (NYSE: FDS | NASDAQ: FDS) combines integrated financial information, analytical applications, and client service to enhance the workflow and productivity of the global investment community. The Company, headquartered in Norwalk, Connecticut, was formed in 1978 and now conducts operations along with its affiliates from more than twenty-eight locations worldwide, including Boston, New York, Chicago, San Francisco, London, Amsterdam, Frankfurt, Paris, Milan, Hyderabad, Mumbai, Dubai, Manila, Tokyo, Hong Kong, and Sydney. To learn more about FactSet, visit www.factset.com and follow on Twitter: www.twitter.com/factset.
GMI Ratings Media Contacts
Cheryl Gustitus, Chief Marketing Officer
O: +1 212/949-1313 ext 316
M: +1 240/507-0823
Joyce Brown, Marketing Communications