Bloomberg reveals that Mackenzie Investments, a Canadian asset management company, has adopted PORT Enterprise, which is Bloomberg’s portfolio analytics and risk management solution, in order to support its (exchange-traded-fund) ETF business.
Mackenzie also uses Bloomberg AIM, an order management solution, in order 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,” the announcement noted.
Konstantin Boehmer, Portfolio Manager and Co-Head, Fixed Income Team, Mackenzie Investments, stated:
“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.”
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,” the update revealed.
In addition, the use of PORT Enterprise Scenario Analysis feature has “enabled Mackenzie to consistently calibrate and fine tune passive ETF solutions,” the announcement added.
Michael Cooke, Head of ETFs, Mackenzie Investments, remarked:
“The Canadian ETF industry has expanded significantly in the last year and, as a result, our business has experienced rapid growth. 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.”
Ian Peckett, Global Head of Buy-Side Product at Bloomberg, added:
“We are happy to support Mackenzie Investments as they focus on optimizing their ETF investments through PORT Enterprise’s advanced tools. 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 being used by large asset managers, hedge funds, insurers, pension funds and government agencies.
Bloomberg AIM is an order management system (OMS), used by almost 15,000 professionals at more than 900 client companies in more than 90 countries to manage $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,” the announcement explained while adding that PORT Enterprise is a solution that “delivers enhanced reporting capabilities that are powered by advanced risk models.”
PORT and PORT Enterprise are reportedly used by “93 of the top 100 asset managers and has 47,000 active users globally.”