FactSet Introduces AI-Powered Portfolio Commentary
FactSet introduces Portfolio Commentary, an AI-powered solution enhancing performance attribution analysis for buy-side and wealth management professionals. It provides deep insights into relative performance, key company drivers, direct source-linking, and streamlined stakeholder communication, significantly improving efficiency and decision-making.
Portfolio Commentary offers detailed insights into portfolio performance, enabling a holistic understanding of key drivers.
The solution enhances efficiency by reducing the time spent on writing commentary, allowing users to focus on strategic priorities.
Direct source-linking provides transparency and auditability, strengthening user confidence in the analysis.
Streamlined stakeholder communication options facilitate easy sharing and collaboration, improving workflow.
Implementation challenges or user adoption issues could potentially impact the effectiveness of the AI-driven solution.
There may be potential data accuracy concerns with large language models used in generating portfolio commentary.
A breakthrough portfolio analysis solution that drives productivity and understanding
NORWALK, Conn., April 30, 2024 (GLOBE NEWSWIRE) -- 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
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 FactSet
FactSet (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
FAQ
What is FactSet's latest GenAI advancement?
FactSet's latest GenAI advancement is Portfolio Commentary, an innovative solution for performance attribution analysis.
How does Portfolio Commentary reduce the time spent on writing attribution summaries?
Portfolio Commentary enables users to generate baseline and source-linked commentary with the click of a button in approximately 30-60 seconds, reducing the time spent on writing commentary significantly.
What key features does Portfolio Commentary offer?
Portfolio Commentary provides deep insights into relative performance, key company drivers, direct source-linking, and streamlined stakeholder communication options.
Where can Portfolio Commentary be accessed?
Portfolio Commentary can be accessed via FactSet's Portfolio Analysis solution within the FactSet Workstation.
What event will showcase Portfolio Commentary?
Portfolio Commentary will be showcased at FOCUS, FactSet's flagship client event happening in Miami, Florida, from April 29-May 2, 2024.
