Northern Trust today had made reporting enhancements that enable stock-level attribution for institutional investors and investment managers. Stock-level attribution allows clients to better evaluate investment decisions by providing a greater level of detail, and rounds out a full set of attribution capabilities offered by Northern Trust, including fixed-income, cross-asset-class and total investment fund attribution.
Northern Trust’s 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 client’s preference. The product is available online through the multi-faceted Web portal, Northern Trust Passport.
“This 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,” said Jeff O’Neill, manager of product development for Northern Trust’s Investment Risk and Analytical Services. “Stock-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.”