Citi Enhances Fund Services with Hedged Share Class Analytics
November 05 2019 - 2:30AM
Business Wire
Citi has launched a new analytics framework and data
visualisation tool that measures the performance of a currency
hedged share class versus the performance of the base currency
share class, and attributes any deviation in performance to its
various sources. The performance attribution tool is the latest
enhancement to Citi’s passive currency overlay services and can be
accessed via Citi Velocity, the firm’s online client portal.
Citi share class hedging services are available for funds, which
have share classes in currencies other than the fund’s base
currency, to support international distribution. The objective of
share class hedging is to mitigate investors’ exposure to foreign
currency risk, at a time when fund managers are increasingly
looking to their currency overlay providers for help in analysing
performance.
“We are excited to deliver this level of analysis and
transparency to our custody clients,” said Sanjiv Sawhney, Global
Head of Custody and Fund Services at Citi. “In order to better
serve their international end-investors and achieve their growth
objectives, our clients need a global partner that can help them
manage currency risk, and also help them understand and explain the
factors driving deviations in performance.”
Citi’s share class performance attribution tool is based on
proprietary analytics that can identify the sources of performance
deviation from foreign currency hedging. The tool analyses a
variety of factors that can impact the performance of the hedged
share class, relative to the unhedged share class.
“Citi is continuously looking for ways to empower our clients
through the aggregation, analysis and visualization of data.” said
Krista Deitemeyer, Global Head of Custody FX at Citi. “This share
class performance analytics and reporting tool brings to bear our
expertise across CitiFX Quantitative Investor Solutions and Citi
Custody and Fund Services.”
With over $22.3 trillion of assets under custody and
administration1 and the industry-leading proprietary network
spanning over 60 markets, Citi’s Custody and Funds Services
business provides clients with in-depth local market expertise,
advanced processing technologies and a wide range of fund services
that can be tailored to meet clients’ needs.
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About Citi
Citi, the leading global bank, has approximately 200 million
customer accounts and does business in more than 160 countries and
jurisdictions. Citi provides consumers, corporations, governments
and institutions with a broad range of financial products and
services, including consumer banking and credit, corporate and
investment banking, securities brokerage, transaction services, and
wealth management. Additional information may be found at
www.citigroup.com | Twitter: @Citi | YouTube: www.youtube.com/citi
| Blog: http://blog.citigroup.com | Facebook: www.facebook.com/citi
| LinkedIn: www.linkedin.com/company/citi
1 Q2 2019
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version on businesswire.com: https://www.businesswire.com/news/home/20191104005609/en/
Citi Media Contacts: Francesco Meucci EMEA Public Affairs
+44 207 508 0717 francesco.meucci@citi.com
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