Source: Capco Reference Data Services
Capco Reference Data Services (CRDS), the leading managed reference and market data services provider to top global financial institutions, today announced its significantly expanded exchange traded funds (ETF) coverage offered through the company's Global ETF Monitor (GEM) product.
The enhanced coverage will enable clients to better take advantage of the explosive growth in the ETF market, which is expected to include approximately 500 ETFs by year-end and continue to grow at an average annual rate of 90%.
GEM is a comprehensive source of highly reliable, easily integrated constituent data for the international ETF marketplace. GEM includes all relevant constituent data for a growing list of the most- traded ETFs on world markets, including next-day component weighting, constituent closing prices, cash components, and net asset values (NAV), among others. As ETFs have become ever more popular with investors and traders, it is imperative to ensure investors and traders have access to quality data on the entire European, Asian and North American ETF market.
"Alleviating the burden of acquiring, aggregating, cleansing and supporting the expanding universe of ETF data, GEM enables our clients to concentrate on critical investment tasks and focus their efforts on trading and benchmarking based on high quality, accurate and timely data," said Predrag Dizdarevic, President of Capco Reference Data Services, and Executive Vice President of Capco.
GEM is part of the overall managed reference data services provided by CRDS covering all asset classes world wide. The CRDS managed services platform and team of dedicated analysts work on behalf of clients to source, aggregate, cleanse and validate index and ETF composition data into a single standardized file. As the financial services community continues to evaluate their business models and mitigate against increased risks, CRDS will continually come to market with enhanced data solution products to alleviate all data burdens from its clients and arm them with information for better decision making.