WisdomTree Asset Management launches portfolio construction tool

WisdomTree Asset Management Canada has launched the Digital Portfolio Developer (DPD), a tool for Canadian advisors that focuses on providing data analytics to evaluate client and prospect portfolios.

“We have developed a unique application that allows advisors to optimize portfolio construction in a way that combines their perspectives with WisdomTree’s ETF expertise,” says Kurt MacAlpine, WisdomTree executive vice-president and global head of distribution, in a release.

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DPD has the power to analyze more than 40,000 Canadian and U.S. mutual funds and ETFs, and 7,000 U.S. equity securities, with holdings-level analysis and real-time calculations in both Canadian and U.S. currencies. Accessible on the WisdomTree website, advisors can enter the holdings of an existing investment portfolio and the DPD will analyze the data and provide alternative portfolio approaches.

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Key features include:

• Stress-testing scenarios: Advisors can compare hypothetical returns of an original portfolio’s performance and a proposed portfolio during different market scenarios, such as a financial crisis or interest-rate hike.
• Portfolio comparison: Advisors can input and compare two portfolios side-by-side based on key metrics to help them determine underlying risks and seek opportunities to improve performance, income or fees.
• Usability: Advisors can save their analysis and download reports.

Staff

The staff of Advisor.ca have been covering news for financial advisors since 1998.