J.P. Morgan releases custodial tool
12 September 2012 Sydney
Image: Shutterstock
J.P Morgan Worldwide Securities Services (WSS) has launched the Online Portfolio Analytics Lab (OPAL). It is the firm’s first web-based portfolio analytics tool.
The new service uses portfolio analytics tools to help institutional investors assess risk across individual portfolios, and optimise asset allocation and investment manager selection.
OPAL targets Australian superannuation funds working to comply with Financial Services Council and the Association of Superannuation Funds of Australia guidance on the disclosure of investment risk, in the new Shorter Product Disclosure Statements (SPDS) regime, via the “Standard Risk Measure” classification system.
Under the new classification system, which was launched on 22 June 2012, superannuation trustees must disclose a Standard Risk Measure for each investment option that is offered in a superannuation product covered by the SPDS regime, using a seven level classification system.
The seven level classification system runs from 1 to 7, where 1 is ‘very low risk’ of negative returns, and 7 is ‘very high risk’.
David Braga, investor services product head for Australia and New Zealand, at J.P. Morgan WSS, said: “The OPAL tool gives superannuation trustees a powerful, web-based tool that enables them to analyse their underlying data and quickly assess their level of investment risk, as part of their wider responsibility in considering and disclosing investment and other risks for each investment strategy to comply with the new FSC/ASFA guidelines.”
“Beyond its application to the Standard Risk Measure, OPAL has been designed to support institutional investors with their decision-making around investment manager selection and asset allocation. OPAL can help institutional clients make more informed decisions and optimise their portfolios through the creation of innovative and forward looking solutions that address both current and future needs.”
The new service uses portfolio analytics tools to help institutional investors assess risk across individual portfolios, and optimise asset allocation and investment manager selection.
OPAL targets Australian superannuation funds working to comply with Financial Services Council and the Association of Superannuation Funds of Australia guidance on the disclosure of investment risk, in the new Shorter Product Disclosure Statements (SPDS) regime, via the “Standard Risk Measure” classification system.
Under the new classification system, which was launched on 22 June 2012, superannuation trustees must disclose a Standard Risk Measure for each investment option that is offered in a superannuation product covered by the SPDS regime, using a seven level classification system.
The seven level classification system runs from 1 to 7, where 1 is ‘very low risk’ of negative returns, and 7 is ‘very high risk’.
David Braga, investor services product head for Australia and New Zealand, at J.P. Morgan WSS, said: “The OPAL tool gives superannuation trustees a powerful, web-based tool that enables them to analyse their underlying data and quickly assess their level of investment risk, as part of their wider responsibility in considering and disclosing investment and other risks for each investment strategy to comply with the new FSC/ASFA guidelines.”
“Beyond its application to the Standard Risk Measure, OPAL has been designed to support institutional investors with their decision-making around investment manager selection and asset allocation. OPAL can help institutional clients make more informed decisions and optimise their portfolios through the creation of innovative and forward looking solutions that address both current and future needs.”
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