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Fidelity taps Alpha Factor Library

The S&P Global Market Intelligence product helps investors identify and analyse investment opportunities April 22, 2016: S&P Global Market Intelligence, a division of McGraw Hill Financial (NYSE: MHFI), has announced that Fidelity Investments has selected the US Value Model from its unique Alpha Factor Library to help customers identify or validate attractively priced stocks with strong underlying fundamentals. Fidelity is now using the alpha factors...

The S&P Global Market Intelligence product helps investors identify and analyse investment opportunities

April 22, 2016: S&P Global Market Intelligence, a division of McGraw Hill Financial (NYSE: MHFI), has announced that Fidelity Investments has selected the US Value Model from its unique Alpha Factor Library to help customers identify or validate attractively priced stocks with strong underlying fundamentals.

Fidelity is now using the alpha factors components of this model to underpin a series of visual metrics on the Stock Snapshot Page of Fidelity.com. Clients have the ability to drill into each metric to reveal the underlying factors giving them in-depth insights on the value and financial health of a company, as well as details on future growth prospects and how well the company is being operated.

Developed by S&P Global Market Intelligence’s Quantamental Research Team using the organisation’s Global Point-in-Time database, the Alpha Factor Library facilitates the construction of investment strategies and the identification of potential investments for eight key investment styles including Value, Growth, Price Momentum and Quality. At a glance, Fidelity customers can now view how a company compares to its sector peers in order to monitor specific securities and evaluate opportunities based on the company’s fundamentals.

“The Alpha Factor Library is widely leveraged by institutional investors to formulate investment strategies, track the performance of investment styles and research industry-specific signals and trends for ideas that can easily be incorporated into their fundamental and quantitative portfolio construction processes,” said Dave Pope, Managing Director of Quantamental Research at S&P Global Market Intelligence. “Fidelity is taking advantage of select elements of this unique body of knowledge to deliver cutting edge tools for alpha generation to its retail customers.”

Franklin Gold, senior vice-president of Research and Education at Fidelity, said, “As we constantly strive to bring our customers sophisticated yet user-friendly, cutting-edge tools for building and strengthening their own investment portfolios, we are enthusiastic about adding the Alpha Factor Library to our suite of research tools on Fidelity.com.”

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