Fact sheets with a cherry on top: Universal-Investment works with partner firms to meet all individual client needs Photo: JulieWild Source: istockphoto.com

Fact sheets with a cherry on top

Fact sheet content must comply with certain regulatory minimum requirements. There is, however, some latitude in terms of layout or the inclusion of additional information, for instance. In this area, Universal-Investment also cooperates with partner firms to meet individual client requests. upgrade! interviewed Michael Münch, deputy head of the capital markets department at Kreissparkasse Biberach, and Johannes Hauptmann, CEO of Anevis Solutions, about the details of the cooperation and the added benefits for all parties involved.

Johannes Münch, deputy head of the capital markets department Kreissparkasse Biberach Photo: Manjit Jari Source: Kreissparkasse Biberach

upgrade: Mr Münch, Universal-Investment likes working with Anevis Solutions to deliver a customised fact sheet solution to Kreissparkasse Biberach that goes beyond the standard offering. What is the scope of the project and how complex has it been?

Münch: In the light of the new regulatory requirements of MiFID II, we requested the preparation of a customised fact sheet for our mutual fund Universal-Shareconcept-BC R (DE000A0MQ993). We were aiming at a tailored and detailed fact sheet in the corporate design of the Sparkassen that reflected the strategy specific sector allocation. And we wanted the fact sheets to contain our regular market commentary. We screened the market for providers and found a competent partner in Anevis Solutions. Universal-Investment could accommodate this choice since it can work flexibly with different partners as an independent capital administration company. That proved helpful in our project work with Anevis Solutions. Designing the fact sheet layout took next to no time. Anevis Solutions included our suggestions into their templates and customised them for us. There were no major challenges. After a swift legal due diligence of our content and contracts, the first new fact sheet could be published in a matter of months.

upgrade: Which added value does Kreissparkasse Biberach gain from the cooperation between Universal-Investment and Anevis Solutions?

Hauptmann: Universal-Investment offers Kreissparkasse Biberach fact sheets with quality-controlled data from a legal capital administration company. In addition, Kreissparkasse Biberach can dispense with the previously required checks by Universal-Investment so that the greater flexibility reduces process complexity. The fact sheets are updated daily via fully automated processes that do not make any demands on the time and internal resources of Kreissparkasse Biberach. At the end of the day, Kreissparkasse Biberach receives its customised fact sheets daily on demand.

Johannes Hauptmann, CEO Anevis Solutions Source: Anevis Solutions

upgrade: How do Kreissparkasse Biberach, Anevis Solutions and Universal-Investment cooperate today for the fact sheets?

Hauptmann: A standardised, comprehensive data interface between Universal-Investment and Anevis Solutions is already in place under an existing master agreement. It delivers raw data and certain analyses for the funds of Kreissparkasse Biberach to Anevis Solutions on a valuation day basis straight from Universal-Investment’s data warehouse. Anevis Solutions stores these data, adds other relevant market data and runs analyses. We customise and update the fact sheets from the data we receive and provide them to Kreissparkasse Biberach. On individual topics such as monthly commentaries or sector classifications of portfolio holdings, Kreissparkasse Biberach liaises directly with Anevis Solutions as and when required. We then implement these requests swiftly and without hassle.

upgrade: Mr Münch, which solution did you have in place before the cooperation with Anevis Solutions?

Münch: In the past, the fact sheet was prepared in house based on data from Universal-Investment and our own manual calculations. It already contained market commentary on current developments and described how we addressed those in our funds. We now forward this commentary to Anevis Solutions at the beginning of the month. The cooperation with Universal-Investment and Anevis Solutions saves us time and, importantly, manpower. And we can offer our advisers and investors fact sheets with a cherry on top. 

Date of issue: 7/19/2018