Software Offers Funds AIMR-Compliant Reporting

April 17, 2001 (PLANSPONSOR.com) - Mutual fund companies can now provide plan sponsors with AIMR-compliant reports, and the ability to offer customized performance indices via new software from Confluence Technologies.

Composites is a new feature in the just-released version 4.70 of FundStation. With it, fund providers can create asset-weighted performance reports for a group of mutual funds or individual investment accounts with similar investment strategies.

The software automatically generates daily composite reports that comply with AIMR reporting standards, according to the company.

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Bench Fitting

FundStation v. 4.70 also includes CustomBenchmarks, which provides customized gauges of mutual fund performance. CustomBenchmarks automatically generates blended rates of return daily, monthly, or on an on-demand basis.

The software also allows fund providers to incorporate performance data from other mutual funds into their custom indices.

According to the Pittsburgh-based company, more than 40% of United States mutual funds use FundStation, including Schwab, Janus and American Express.

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