The Markets October 22, 2010

Russell Offers New Benchmark for Global Mandates

Russell Investments launched a new global benchmark to offer investors increased flexibility in their global mandate.
Reported by

The Russell World Cap Index combines the U.S. broad-market Russell 3000 Index and the Russell Global ex-U.S. Large Cap Index. It currently comprises 5,193 securities and about 93% of the Russell Global Index.   

“The Russell World Cap Index emulates the current investing behavior of U.S. institutional investors who typically include small cap stocks in their domestic portfolios, but exclude them from their non-domestic portfolios,” said Lori Richards, a managing director for Russell Investments, in a press release.  

Want the latest retirement plan adviser news and insights? Sign up for PLANADVISER newsletters.

Routine maintenance of the Index includes daily corporate actions, monthly share adjustments, quarterly IPO inclusions, and annual total reconstitution in order to ensure that it accurately represents the true global opportunity set.  

Products October 22, 2010

Tamarac Enhances Performance Reporting Software

Tamarac Inc., a provider of integrated portfolio management software and services, has created Advisor View, a new performance reporting application.   
Reported by

Advisor View allows advisers to view performance across all accounts in aggregate, by adviser, by household or by any custom grouping, Tamarac reported in a news release.

Other customizable features of Advisor View include:

Never miss a story — sign up for PLANADVISER newsletters to keep up on the latest retirement plan adviser news.

  • Dashboards for daily monitoring or for specific report details
  • PDF performance reports for brand-enhancement
  • Unlimited access for clients to view the health of their portfolios 
  • Using the vault capabilities, advisers can exchange documents with their clients online

“Advisers have had limited resources when it comes to self-service tools which can provide custom performance reporting and instant access to pertinent account information,” says Stuart DePina, CEO of Tamarac. “Advisor View provides a single view of firm-wide performance that can be instantly customized to meet the data needs of the adviser.  At the same time, advisers can dramatically improve their client communications by providing online access to performance in a secure and welcoming application that strengthens the firm’s brand.”      

Advisor View works specifically with Schwab Performance Technologies PortfolioCenter as a reporting overlay. Advisor View calculates performance daily, which enables the application to update reports instantly when custom date ranges and report settings are specified.

«