Press release from GlobeNewswire (a Nasdaq OMX company)
FactSet Adds Van Eck Market Vectors ETFs to Platform
Thursday, November 07, 2013
FactSet Adds Van Eck Market Vectors ETFs to Platform06:35 EST Thursday, November 07, 2013
NORWALK, Conn., Nov. 7, 2013 (GLOBE NEWSWIRE) -- FactSet (NYSE:FDS) (Nasdaq:FDS), a leading provider of financial data and analytical software for investment professionals, today announced the integration of Van Eck's Market Vectors Exchange Traded Funds (ETFs) on the FactSet platform.
"Van Eck has always been a big proponent of making ETF and index data easily accessible and transparent and we're delighted to provide FactSet users access to both return- and constituent-level data for Market Vectors ETFs and indices," says Ed Lopez, Marketing Director at Van Eck Global, sponsor of Market Vectors ETFs and parent company of Market Vectors Index Solutions GmbH.
"We are thrilled to expand our partnership with Van Eck Global. FactSet users holding Van Eck's Market Vectors ETFs now have greater transparency into fund characteristics and composition. Combined with individual securities, other funds, and ETFs in broad portfolios, the Van Eck data enhances the accuracy of portfolio performance and risk analysis," explains Julie Zimmerman, Vice President, Institutional Sales, FactSet.
Lars Hamich, CEO at Market Vectors Index Solutions, adds, "We're particularly excited about making additional data relating to Market Vectors Indices accessible via FactSet. The indices underlie many Market Vectors ETFs and we believe they offer the best reflection of the investment themes investors are really trying to access. With constituent caps, filters for liquidity and pure-play revenue tests Market Vectors Indices are purpose-built to underlie ETFs and to be liquid, transparent, diversified and pure-play reflections of their respective markets. I think that FactSet users will find value in having access to the index data."
Van Eck's Market Vectors ETF and index data are available within FactSet reports on SPAR (Style Performance and Risk) and FactSet Portfolio Analysis, a holdings-based tool that lets portfolio managers study the performance, composition, and characteristics of a portfolio on an absolute basis or relative to a benchmark. With the addition of Van Eck's ETF and index data, FactSet users who hold those ETFs in their portfolios now gain the unique ability to expand and "look through" the ETF position into the underlying holdings. The first phase of the rollout will include Van Eck's fixed income ETFs covering international, investment grade and high yield credit, and municipal bond asset classes. Soon to follow will be equity ETFs.
FactSet, a leading provider of financial information and analytics, helps the world's best investment professionals outperform. More than 50,000 users stay ahead of global market trends, access extensive company and industry intelligence, and monitor performance with FactSet's desktop analytics, mobile applications, and comprehensive data feeds. The Company has been included in FORTUNE's Top 100 Best Companies to Work For, the United Kingdom's Great Places to Work and France's Best Workplaces. FactSet is listed on the New York Stock Exchange and NASDAQ (NYSE:FDS) (Nasdaq:FDS). Learn more at www.factset.com, and follow us on Twitter: www.twitter.com/factset.
CONTACT: Meredith Binder FactSet Research Systems Inc. 203.810.1000