SYDNEY, June 15, 2015 /PRNewswire/ --
StatPro Group plc (AIM: SOG), the AIM listed provider of
cloud-based portfolio analysis for the asset management industry,
today announced that it has introduced a pioneering solution to
compute Standard Risk Measure (SRM), a standard method used by
Australian superannuation funds to describe investment risk.
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The Australian superannuation (pension) industry has experienced
a high growth rate in assets, totaling $2.05
trillion at the end of March
2015, an increase of 14.3% over a one-year
period[1]. Australia is the
world's fourth largest pension
market[2]and provides the country
with an enormous pool of investible funds to generate wealth for an
ageing population. Employers are mandated by law to pay
'superannuation guarantee' contribution amounts to a designated
fund for their employees at 9.5% of their wages. This rate is set
to progressively go up and reach 12% by
2025[3].
The Standard Risk Measure (SRM) provides superannuation fund
members with a descriptor to assist in comparing investment options
both within and across funds based on the likely number of negative
annual returns over the next 20 years. StatPro's innovative
solution will help asset managers and pension funds meet the
Australian Prudential Regulation Authority (APRA) requirement and
is fully compatible with the guidelines laid down by the Financial
Services Council (FSC) and Association of Superannuation Funds
(ASFA).
StatPro Revolution computes the SRM value using a
forward-looking methodology which can even be applied to funds yet
to be traded. For traded funds we calculate the ex-ante volatility
using the well-established historical simulation method. Our
methodology provides stable risk results as we go beyond the old
approach of return based on volatility and correlations as that
approach often leads to unstable results.
The APRA SRM tool continues StatPro's rich legacy of introducing
'first-in-the-market' risk solutions, as we did previously with
liquidity risk and an award-winning Risk Limits and Commitment
Leverage Monitoring module that helps with UCITS and AIFMD
compliance.
Says Dario Cintioli, Managing
Director StatPro, 'We are excited about introducing this innovative
solution. It has been developed after rigorous research and is
based on cutting-edge technology to save you the time and cost
involved in building an SRM tool. It is a turnkey solution that
requires a minimum amount of input from the users and provides
ready to use risk numbers right away.'
About StatPro
StatPro is a global provider of award winning portfolio
analytics solutions for the investment community. The Group's
cloud-based platform provides vital analysis of portfolio
performance, attribution, risk and compliance. This multi
asset-class analytics platform helps StatPro's clients increase
assets under management, improve client service, meet tough
regulations and reduce costs. The Group's integrated and global
data coverage includes over 3.2 million securities such as
equities, bonds, mutual funds, FX rates, futures, options, OTCs,
sector classifications and much else besides. StatPro also covers
most families of benchmarks including MSCI, FTSE, Russell, NASDAQ
and the licence free Freedom Index.
StatPro has grown its recurring revenue from less than £1
million in 1999 to around £29 million at 31
December 2014. StatPro floated on the main market of the
London Stock Exchange in May 2000 and
transferred its listing to AIM in June
2003. The Group has operations in Europe, North
America, South Africa,
Asia and Australia, and approximately 500 clients in 37
countries around the world. Approximately 80% of recurring revenues
are generated outside the UK.
Sources:
- ASFA - Superannuation Statistics
- Australian Trade Commission - Data Alert 20 February 2014
- Industry Super Funds
Enquiries:
swati.bhoumick@statpro.com