Partnership enables financial advisers to build customized international portfolios without leaving U.S. exchanges
Syntax Data, a financial data and technology provider offering data-optimized index solutions, today announced a partnership with MSCI Inc. (NYSE:MSCI) to offer a range of MSCI indexes on the Syntax Direct platform: a forward-looking index development tool that revolutionizes the rapidly growing direct-to-index investment process.
As part of this strategic collaboration, MSCI will help Syntax expand into the independent RIA channel by helping financial advisers gain access to an expanded set of ADR index universes while also providing distribution support for the wealth management community. American Depositary Receipts (ADRs) allow advisers to gain exposure to a broad range of international equities using indexes designed to deliver diversification benefits using U.S.-listed securities – without leaving U.S. exchanges. MSCI's ADR Indexes are built to allow investors to evaluate and implement global strategies within the efficiency of the U.S. market infrastructure – with coverage of roughly 90% of global markets.