Northern Trustâs stock-level attribution product measures the relative performance of individual stocks in a portfolio against established benchmarks and reports those results on a daily or monthly basis with a customized layout according to the clientâs preference. The product is available online through the multi-faceted Web portal, Northern Trust PassportÂ®.
âThis product capability includes all major equity indexes worldwide and pools together an immense universe of data allowing clients to pick and choose the content and composition of their reports based on their information needs,â said Jeff OâNeill, manager of product development for Northern Trustâs Investment Risk and Analytical Services. âStock-level attribution measures the relative return on a security, giving a more accurate portrayal of its contribution to overall performance and therefore allowing fund managers to promptly weigh the impact of their decisions to include or omit individual equities.â
Using Northern Trustâs flexible reporting options, clients can customize the attribution data to their specific needs:
â¢Investment managers can receive daily information showing the impact of stock-level decisions on portfolio performance relative to investment guidelines, and use it to guide investment activity.
â¢Institutional investors can benefit from brief summary reports that provide current information on their fund managers, and periodically drill down to analyze stock-level decisions in order to better understand performance issues.
âStock-level attribution is in line with an increasing client demand for identifying in greater detail the sources of return, and is a critical component of a comprehensive investment management process,â said Paul dâOuville, head of Northern Trust Investment Risk and Analytical Services. âInvestment managers in particular benefit from Northern Trustâs technology and scale in maintaining databases, building product models and delivering reports to institutional investors, freeing the fund managers to focus on their core strengths.â