SunGard said its Fame product now offers historical and real-time information on exchange trading funds (ETFs), which are index-based, transparent investment products that allow investors to buy or sell shares of entire portfolios of stock in a single security.
According to the company, ETFs are being increasingly used by mutual funds to invest excess cash, and by investors to hedge against existing portfolios.
Following exchange traded funds has become a crucial function for all serious money managers that need to increase investment opportunities while minimizing risk and expense, said Janet Crowley, executive vice president of SunGard’s Fame finance and market data services unit. Fame now covers the ETF universe, with enhanced, high-quality data provided on a current-day basis without delays.
