AXA IM has announced a partnership with State Street and MKT MediaStats to work on data-driven indicators that help analyse economic and market information.
MKT MediaStats focuses on financial market implications of available ‘big data’ from multiple sources while the State Street PriceStats inflation series is a daily measure of inflation derived from prices posted to public websites by hundreds of online retailers.
“AXA IM, MKT MediaStats and State Street share a commitment to exploring new data sources that can enhance our ability to make timely and well-informed investment decisions,” said Joseph Pinto, chief operating officer at AXA IM.
“Leveraging these big-data solutions will allow us to advance our client service on multiple fronts. Not only are we increasing the amount of knowledge available to us, but we are also cutting down on the amount of time spent manually sorting through information resources.”
“The digital age has vastly expanded the data sources available to investors, so much so that it has become imperative to consume and analyse information quickly and accurately,” added Jessica Donohue, chief innovation officer for State Street Global Exchange.
“Investor success in the coming years will continue to largely depend on the ability to rapidly access and synthesise an exponential amount of information. Our goal is to bridge the gap between financial decision making and academic thinking to help investors achieve their return and risk objectives.”
AXA IM had around €669bn in assets under management as of end September 2015.