Russell/Mellon announced the latest enhancements to AMI, its asset manager database. AMI has been upgraded to provide access to 15 new European and 11 new Global product groups, including Eurozone Equity, Eurozone Fixed Income and Global Small Cap Equity. By completing these sections, asset managers will be able to market their products to a whole new audience, via European investment consultants.
Further enhancements, due to be released in mid-October, include the fundamental restructuring of the “Firm Assets and Client Base” and “New and Lost Business” areas of AMI. There are also two new topics, “Asset Profile” and “Client Profile”. All these improvements mean that the data available on AMI will be better aligned with the requirements of investment consultants. It is also anticipated that those managers who distribute this information via AMI will need to complete fewer consultant questionnaires. The enhancements were developed and implemented in collaboration with Russell/Mellon’s manager and consultant advisory boards.
Mick Brant, chief executive efficer of Russell/Mellon Europe, said, “We have made these developments in response to feedback from the growing number of Europe-based consultants who use AMI. Often, these consultants need information about different products to their UK counterparts. In particular, they wanted more detailed information on the assets and clients managed in individual European countries.”
Since the beginning of 2004, 17 new consultancy firms have signed up to AMI. Of these, seven are based in Germany, four in the Netherlands, two in Switzerland and one each in Austria, the Channel Islands, Denmark and the UK.