Thomson Reuters announced that InvestmentView has been fully enhanced with the integration of Lipper U.S. mutual fund classification data. InvestmentView is the companys wealth management online product that provides a complete mutual fund point-of-sale application for financial advisors and product providers.
With the integration of Lipper classifications, InvestmentView now provides institutional grade data enhancing the ability to search and display information on open end, closed end and exchange traded funds. Lipper Leaders Ratings, Lippers investor-centered mutual fund rating system, is available today becoming a core part of InvestmentView.
“The inclusion of the Lipper Classification Data for funds represents a fundamental shift towards institutional grade data quality in our InvestmentView product, says John Fennelly, global head of wealth management, Thomson Reuters. Our advisory community will now start to reap the benefits of the Lipper brand, and early feedback from our user base has been extremely positive.”
Lipper’s U.S. diversified equity fund classification model provides a framework for fund directors and management companies to use as a basis for performance evaluation. USDE fund classifications provide investment practice distinctions and thus set reasonable expectations about funds for retail investors and financial advisors. The model has proven helpful to the investment community since its introduction in September 1999. Lipper offers mutual fund indices based on a majority of the USDE fund classifications.
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