Aite Matrix: Fixed Income Attribution and Analytics

The push toward more robust analytics has elevated vendors offering multi-asset class attribution solutions.

London, 8 April 2021 — Portfolio attribution analytics are used by a wide array of buy-side institutions to defend their investment philosophy and practices. Within this practice, fixed income attribution analytics (FIAA) are specialized metrics that a variety of vendors offer. In the face of growing competition from passive alternatives, the examination of portfolio or fund performance is an area both portfolio managers and clients are eager to understand in increasing detail. Investment firms and institutional investors that need to explain performance will increasingly have to do so across all asset classes as portfolios become more complex. As a result, there is a growing need for specialized analytical techniques and third-party providers.

“Asset coverage continues to expand as investors seek new avenues to generate alpha. This means there is a growing need to deliver performance and attribution metrics that address multi-asset class portfolios, requiring more of performance teams and vendor systems,” states Paul Sinthunont, senior analyst at Aite Group. “Users are increasingly demanding robust solutions that can deliver attribution on the fly and flexible model parameters that can match the myriad ways to manage FICC portfolios,” he explains.

This report explores some of the key trends within the FIAA vendor market and discusses how technology is evolving to address both historical needs and newer market challenges. Leveraging the Aite Matrix, a proprietary Aite Group vendor assessment framework, this report also evaluates the overall competitive position of 13 vendors, focusing on vendor stability, client strength, product features, and client services.

The following vendors participated in this report’s Aite Matrix framework: BlackRock Inc., Bloomberg LP, BNY Mellon Data and Analytics Solutions, Calypso Technology Inc., Clearwater Analytics, CloudAttribution Ltd., Confluence Technologies Inc., FactSet Research Systems Inc., Finastra, Flametree Technologies, MSCI Inc., Ortec Finance, and SS&C Technologies. This report also profiles Charles River Development, FIS, IMTC, and Moody’s. 

The following companies are mentioned in this report: Achema Investment Management, Allianz Global Investors, Alpha FMC, Amazon Web Services, DevNet, FactSet Research Systems Inc., Federated Hermes, First Derivatives, Halyard Asset Management, IBM, Infosys, JP Morgan Asset Management, M&G, Microsoft, Oracle, PGGM, Phi Partners, Schroders, State Street, Synechron, Tesselate, and Union Investment.

To request a press copy of this report or to speak with Paul Sinthunot or Audrey Blater about this topic, please contact us at [email protected].

About Aite Group:
Aite Group is a global research and advisory firm delivering comprehensive, actionable advice on business, technology, and regulatory issues and their impact on the financial services industry. With expertise in banking, payments, insurance, wealth management, and the capital markets, we guide financial institutions, technology providers, and consulting firms worldwide. We partner with our clients, revealing their blind spots and delivering insights to make their businesses smarter and stronger. Visit us on the web and connect with us on Twitter and LinkedIn.

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