RIMES Technologies, the leading financial data integrator, has added Standard & Poor’s Index Services’ new Global Thematic Indices to its portfolio of data. Available via both RIMES Desktop and RIMES SmartFiles®, the Global Thematic Indices include:
- Global infrastructure
- Clean energy
- Alternative energy
- Nuclear energy
- Timber and forestry
- Water indices
The addition of these new indices from Standard & Poor’s reflects RIMES’ ability to respond quickly to the demands of customers for the latest investable and benchmark indices.
Andy Barrow, Head of APAC for RIMES, commented, “These new levels of service support our clients’ plans to differentiate themselves from their competition through the fast delivery of new funds and value-added investor services. The mid-office can conduct risk, performance, and compliance-monitoring quickly, cost-effectively, and with minimal additional infrastructure.”
Standard & Poor’s Global Thematic Indices were initially added to RIMES in response to a request from a blue-chip Australian fund manager, and are now generally available to all RIMES clients. RIMES is able to carry standard, custom, and proprietary indices to its platform quickly to meet client demand. RIMES will typically support desktop and SmartFiles® access within two-to-three weeks of a specific request.
“Standard & Poor’s is delighted that this prestigious Australian client selected the S&P Global Infrastructure index from our thematic index series as a benchmark for their recently-released Listed Infrastructure Fund,” Guy Maguire, Standard & Poor’s Director, Index Services, said. “The thematic index series are designed to provide liquid exposure to emerging investment themes that cut across traditional industry definitions and geographical boundaries. We expect the thematic index series to attract investment managers interested in a broad range of assets offering stable yields that are higher than the broad stock market, and that have low correlations with stocks and bonds, making them good diversifiers.”