Quantcast
The MFWire
Manage Email Alerts | Sponsorships | About MFWire | Who We Are

Subscribe to MFWire.com's News Alerts [click]

Rating:ING Ties Into Pricing Tool Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, May 27, 2003

ING Ties Into Pricing Tool

by: Sean Hanna, Editor in Chief

ING has signed on with FT Interactive Data for help with the pricing of its international funds. Harford-based ING will us FT Interactive's Fair Value Information Service for the foreign securities held in its funds.

The Fair Value Information Service employs a "bottom-up" methodology to allow funds to determine the most up-to-date net asset value (NAV) when major events take place after the close of foreign exchanges. By calculating NAVs closer to the true value of the securities held in the fund, the fund is able to eliminate opportunities for arbitrage, according to Ray D'Arcy, president, Data Delivery Products, FT Interactive Data.

The service relies on a computer model developed by FT Interactive and a database of historical data on market moves and security valuations. The service allows funds offers both a confidence interval and an adjustment factor, which can both be applied to the local market closing price of an equity that the fund decides to fair value. The service also shows supporting data through its Web site.

"Mutual funds need to fair value increasing numbers of international equities in order to fulfill their legal obligations as well as to protect shareholders from the ill effects of market timers. Our Service delivers data that our clients can use to help meet those needs," he added.  

Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE

0.0
 Do You Recommend This Story?



GO TO: MFWire
Return to Top
 News Archives
2024: Q2Q1
2023: Q4Q3Q2Q1
2022: Q4Q3Q2Q1
2021: Q4Q3Q2Q1
2020: Q4Q3Q2Q1
2019: Q4Q3Q2Q1
2018: Q4Q3Q2Q1
2017: Q4Q3Q2Q1
2016: Q4Q3Q2Q1
2015: Q4Q3Q2Q1
2014: Q4Q3Q2Q1
2013: Q4Q3Q2Q1
2012: Q4Q3Q2Q1
2011: Q4Q3Q2Q1
2010: Q4Q3Q2Q1
2009: Q4Q3Q2Q1
2008: Q4Q3Q2Q1
2007: Q4Q3Q2Q1
2006: Q4Q3Q2Q1
2005: Q4Q3Q2Q1
2004: Q4Q3Q2Q1
2003: Q4Q3Q2Q1
2002: Q4Q3Q2Q1
 Subscribe via RSS:
Raw XML
Add to My Yahoo!
follow us in feedly




©All rights reserved to InvestmentWires, Inc. 1997-2024
14 Wall Street | 20th Floor | New York, NY 10005 | P: 212-331-8968 | F: 212-331-8998
Privacy Policy :: Terms of Use