Thomson enhances offshore fund database

Thomson enhances offshore fund database

Thomson Wealth Management is to use data from London-based Fitzrovia International to update its offshore fund database.

Under the agreement, the company will receive monthly fund data feeds from Fitzrovia International covering the country in which a fund is domiciled, the geographic and asset class focus of an investment, the average management fee charged and the average total expenses charged to a fund, also known as its Total Expense Ratio TER.

The data will be incorporated into Thomson - a Web-based sales and illustrations tool, which fund companies use on their sites to entice investors to sell the fund companies' offshore fund offerings.

The data will also be used in future custom offshore sales solutions, such as the offshore hypothetical illustration tool that Thomson created for UBS PaineWebber in September of this year.

Paul Moulton, chief executive of Fitzrovia International, comments: "By using our data in their offshore products, more industry players will get to use and benefit from our research."

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