If you are an asset manager, do you know what the investor is checking when seeking the information on your fund performance? Do you know the roads which will lead them to making decisions about investing in your fund? Sometimes these roads can get unexpectedly rocky as data becomes stale, out of date, right on one platform but not on another. Fund data management is typically not a core activity for asset managers, yet is very important when it comes to the fund selection process. The data should be accurate, consistent and maintained regularly, and is expected to be such, but we know that is not always the case and the recent MIFID II and PRIIPs regulation has only sharpened that focus on ensuring the data is right regardless of destination and ultimate audience.

The basics.

Fund data is typically classified as either dynamic or static. Dynamic data includes daily or regularly pricing share class information, distribution, tax information and more. Static data will be linked to the set-up and nature of the fund, legal information, naming and identification information, manager`s name, fee levels etc.

Any data inaccuracy or inconsistency creates unnecessary noise, complaints and could potentially inhibit fund`s Sales if the investor, distributor or platform doesn`t believe in the accuracy of the data, they simply move on. Regardless of size asset managers need to manage and control data ownership and ensure efficient dissemination, in different formats, scopes, requirements adapting to different information flows (vendor specific processes) depending on the publication destination.  As you grow, you will also find yourself managing the complexities of publishing in multiple countries, languages, currencies with different data definitions or rules depending on each recipient. This leads to a lot of work and a lot of repetitive checks.

Origins of this complexity.

Until 2009 regulators legally required Asset managers to publish in print editions any change relevant to the investors. After 2009 in the most of the countries digital publication became an acceptable standard. Asset managers still have an obligation to inform vendors of any new mandate or change of data. When the change is communicated it gives Asset Managers visibility vis-a-vis its investors. This can be done via their own web-site or recognised websites that are publically available.

Simplifying the complexity

In our experience, we have observed through various checks that, before on-boarding, a client’s average data consistency is 55% and after on-boarding this number increases to 96%, and in many cases above.


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Because KNEIP are independent, and do not buy and sell data, the large data vendors and platforms know our only goal is to ensure fund data accuracy and consistency in the market place and therefore are willing to work with us in achieving this shared goal.

We see our fund data management service as an extension of the back office, allowing asset managers to focus on their core service of manufacturing and distributing product. The fund data management solution saves the expense of extra in-house staff in your back office and KNEIP’s quest for efficiency has resulted in providing asset managers with a simple solution each time there are changes to the data publication matrix.

KNEIP provides an accuracy and consistency check between your own data and the vendors and platforms, reporting back on, and correcting on the asset manager`s behalf, any errors or inconsistencies. Together with our consolidated and centralized Data Platform Architecture KNEIP is unique in ensuring a transparent, accurate process for the publication, control and correction of fund data.

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If you’d like to learn more about how KNEIP’s solution can assist you in gaining greater efficiency in your fund data management, or for any further information click below.

Learn more from our expert

  • By Andreas Heid

  • February 22,2018

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