NEW YORK, Oct. 26, 2021 /PRNewswire/ -- Bloomberg
announced today that Mackenzie Investments (Mackenzie), a leading
Canadian asset management firm, has adopted PORT Enterprise,
Bloomberg's advanced portfolio analytics and risk management
solution, to support its ETF business.
Mackenzie also uses Bloomberg AIM, a leading order management
solution, to support its portfolio management workflows.
Through its use of PORT Enterprise, Mackenzie has been able to
optimize the management of its ETF workflows, and benefit from the
enhanced efficiencies that come from automating previously manual
processes.
"We've been very pleased with PORT Enterprise's accuracy and its
ability to help us minimize trade-errors and balance the trade-off
between tracking-error and performance," said Konstantin Boehmer, Portfolio Manager and
Co-Head, Fixed Income Team, Mackenzie Investments. "It's been
an exceptional experience."
As a result of its adoption of PORT Enterprise, there has been
minimal need for increased resources for Mackenzie to manage its
expanding ETF business, which has grown to more than CAD 11 billion in just over five years.
In addition, the use of PORT Enterprise Scenario Analysis
feature has enabled Mackenzie to consistently calibrate and fine
tune passive ETF solutions.
"The Canadian ETF industry has expanded significantly in the
last year and, as a result, our business has experienced rapid
growth," said Michael Cooke, Head of
ETFs, Mackenzie Investments. "As a leading Canadian ETF provider,
we continuously strive to strengthen our processes and operating
model. By working with a technology partner like Bloomberg,
we've been able to continue to provide advisors and investors with
the performance and value they need as they integrate ETFs into
portfolios and navigate the markets."
"We are happy to support Mackenzie Investments as they focus on
optimizing their ETF investments through PORT Enterprise's advanced
tools," said Ian Peckett, Global
Head of Buy-Side Product at Bloomberg. ‟By providing our clients
with scalable technology to help increase efficiency and realize
meaningful workflow improvements we are providing them with the
tools to meet their current and future technology needs."
Bloomberg's Buy-Side solutions, which include AIM and PORT
Enterprise, are used by some of the largest asset managers, hedge
funds, insurance companies, pension funds and government agencies.
Bloomberg AIM is a leading order management system (OMS), used by
nearly 15,000 professionals at over 900 client firms in over 90
countries to manage more than $17
trillion in assets. PORT is a multi-asset portfolio and risk
analytics solution that provides investors with the tools to
implement optimal investment portfolio strategies. PORT Enterprise
is a premier solution that also delivers enhanced reporting
capabilities that are powered by advanced risk models. PORT and
PORT Enterprise are used by 93 of the top 100 asset managers and
has 47,000 active users globally.
About Bloomberg
Bloomberg, the global business and
financial information and news leader, gives influential decision
makers a critical edge by connecting them to a dynamic network of
information, people and ideas. The company's strength – delivering
data, news and analytics through innovative technology, quickly and
accurately – is at the core of the Bloomberg Terminal. Bloomberg's
enterprise solutions build on the company's core strength:
leveraging technology to allow customers to access, integrate,
distribute and manage data and information across organizations
more efficiently and effectively. For more information, visit
Bloomberg.com/company or request a demo.
About Mackenzie Investments
Mackenzie
Investments is a leading investment management firm with
$203.3 billion in assets under
management as of September 30,
2021. Mackenzie provides investment solutions and related
services to more than one million retail and institutional clients
through multiple distribution channels. Founded in 1967, Mackenzie
is a global asset manager with offices across Canada as well as in Boston, Dublin, London, Hong
Kong and Beijing. Mackenzie
is a member of IGM Financial Inc. (TSX: IGM), one of Canada's premier financial services companies.
For more information, visit mackenzieinvestments.com.
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SOURCE Bloomberg