Performance-Attribution Spending Perks Up
Spending on modules to improve performance of portfolio systems is steadily rising. According to a study of seven large vendors - including DST International, SunGard and Indata - by Boston-based research and consulting firm Celent Communications, total new spending for performance modules with attribution for 2004 is estimated at $48.3 million. The forecast is for $57.2 million in 2007, or an estimated annual growth rate of 8.1 percent in the North American and European markets. The study credits the growth to the fact that adding a module onto an existing portfolio system is a way to enhance investment performance while keeping IT costs down.