FactSet Introduces AI-Powered Portfolio Commentary
30 Aprile 2024 - 2:00PM
FactSet, a global financial digital platform and enterprise
solutions provider, today announced its latest GenAI advancement,
Portfolio Commentary.
This innovative solution complements FactSet’s industry-leading
performance attribution capabilities with detailed and
source-linked commentary to empower buy-side and wealth management
professionals to understand the key drivers of portfolio
performance more holistically.
Powered by large language models (LLMs), Portfolio Commentary
significantly reduces the challenging, time-consuming, and nuanced
process of writing attribution summaries manually. Instead, with
the click of a button, users can generate baseline and
source-linked portfolio commentary for any attribution report in
approximately 30-60 seconds.
“For over 20 years, FactSet has consistently delivered
ever-improving solutions for attribution analysis. Today, we raise
the bar with the introduction of Portfolio Commentary,” said Chris
Ellis, Executive Vice President, Head of Strategic Initiatives at
FactSet. “Based on internal testing, we anticipate this enhancement
will enable asset managers, asset owners, and wealth managers to
reduce the time spent writing portfolio commentary by a factor of
eight and thus focus on the more high-value, strategic priorities
of improving performance and strengthening client
relationships.”
Key features of Portfolio Commentary include:
- Deep Understanding of Relative
Performance: Portfolio Commentary delivers four types of
insights: an executive summary, sub-period analysis of trends,
“stepping back” to explain relative portfolio performance starting
from the benchmark, and “stepping in” which highlights the most
influential securities within the analysis.
- Key Company Drivers: Portfolio Commentary uses
a proprietary algorithm to highlight companies with the most
significant impact and provides a two-part answer: (a) the
company’s impact, and (b) in partnership with Pebble Finance, the
commentary summarizes what drove the company to a particularly
strong or poor performance throughout the period.
- Direct Source-Linking: Each sentence within
the commentary includes auditable links to the numbers behind the
given assertions. Users can navigate between the explanation and
the supporting data to solidify their understanding of relative
performance.
- Streamline Stakeholder Communication:
Commentary can be directly downloaded to Microsoft Word, stored in
FactSet’s Research Management System (RMS), or leveraged
programmatically, thereby allowing users to openly access the
commentary, customize it, and share it with stakeholders in a
timely manner.
“Our goal at FactSet is to make portfolio managers and research
professionals over 50% more efficient at their job,” said Rob
Robie, Executive Vice President, Head of Institutional Buy Side at
FactSet. “Building on our award-winning performance and attribution
systems, Portfolio Commentary advances this mission by generating
attribution-based insights designed to better evaluate performance,
contextualize portfolio attributions, and deliver tangible results.
At FactSet, we’re proud to deploy technologies that enable a
seamless workflow, empowering our clients to work smarter, make
informed decisions, and achieve their investment goals with
confidence.”
Portfolio Commentary can be accessed via FactSet’s Portfolio
Analysis solution within the FactSet Workstation. Portfolio
Commentary will be showcased at FOCUS, FactSet’s flagship client
event that brings together top thought leaders, industry experts,
and key decision-makers from the finance and technology sectors to
discuss innovations that help drive the investment community
forward. This year’s event will take place in Miami, Florida, from
April 29-May 2, 2024. Following FOCUS, FactSet clients can speak
with their account team for more information on accessing Portfolio
Commentary.
To learn more about FactSet’s AI solutions, please visit:
Artificial Intelligence | AI Technology Solutions | FactSet
About FactSetFactSet (NYSE:FDS | NASDAQ:FDS)
helps the financial community to see more, think bigger, and work
better. Our digital platform and enterprise solutions deliver
financial data, analytics, and open technology to nearly 8,000
global clients, including over 206,000 individual users. Clients
across the buy-side and sell-side as well as wealth managers,
private equity firms, and corporations achieve more every day with
our comprehensive and connected content, flexible next-generation
workflow solutions, and client-centric specialized support. As a
member of the S&P 500, we are committed to sustainable growth
and have been recognized amongst the Best Places to Work in 2023 by
Glassdoor as a Glassdoor Employees’ Choice Award winner. Learn more
at www.factset.com and follow us on X and LinkedIn.
FactSet Investor Relations: Ali van Nes
+1.203.810.2273 Avannes@factset.com
Media Relations: Megan Kovach +1.512.736.2795
megan.kovach@factset.com
Grafico Azioni FactSet Research Systems (NYSE:FDS)
Storico
Da Ago 2024 a Set 2024
Grafico Azioni FactSet Research Systems (NYSE:FDS)
Storico
Da Set 2023 a Set 2024