Money Management and Financial Express launch joint venture
Money Management has launched a joint venture with leading UK investment data and analytics provider, Financial Express, to provide active investors with a range of tools to compare Australian funds — the Money Management Investment Centre (MMIC).
The MMIC is launching today and is aimed at providing a resource for use by both advisers and self-directed investors.
The MMIC is intended to offer simple and intuitive tools to view, rank, and compare more than 10,600 Australian funds: from equities, superannuation and retirement funds to exchange traded funds (ETFs), listed investment companies (LICs), and mFunds.
As a launch partner MSCI indices are also available in the MMIC to further assist investors' research and investment decisions.
Commenting on the new product, Money Management managing director, Luke O'Neill said he believed the MMIC project was a natural evolution of the publisher's expanding media portfolio, driven by an overarching mission to educate and inform readers with up-to-date, credible, and authoritative information.
In the first of MMIC's two-phase rollout, users will have full access to the funds directory and investment product comparison tools, offering detailed listings of unit prices, total return and growth return performance, fund ratios, static data, fund asset, sector and region analyses. The second phase, to be rolled out in May 2016, will allow users to build personalised investment portfolios to meet their financial goals.
Financial Express director, James Jones said the partnership between his company and Money Management represented more than a marriage of convenience.
"In searching for a media partner in Australia, there was really only one choice," Jones said. "Money Management is Australia's market leader with the most website traffic, editorial credibility and commercial vision to bring [the MMIC] to market."
This timely collaboration represents an exciting new step in promoting and expanding our data and analytics business and cementing our place in the Australian market," he said.
Recommended for you
Government has introduced a bill to Parliament to legislate the first stream of the QAR reforms.
ASIC now has a 1:1 ratio when it comes to court success in the enforcement of crypto activities and more action is expected as Treasury seeks to introduce a regulatory framework.
A leading governance body has hit out at “specialist interest groups proposing ad hoc law reform” when it comes to reforms of financial services legislation and believes an independent body is needed.
The release of ALRC’s final report into financial services legislation has highlighted financial advice as a “significant” focus as it seeks to reduce costs and help advisers understand their obligations, alongside the Quality of Advice Review.
