Portfolio Tracker is a new addition to GLOBEfund’s list of financial services for Canadian investors.
Portfolio Tracker is designed to track an individual’s portfolio daily performance, using
the Internal Rate of Return-an accurate way of measuring ROI.
Users register at the GLOBEfund site and establish a personal portfolio by
recording the number of units they own of each mutual fund. They can have
distributions automatically reinvested, deduct commissions, and generate
various reports and graphs, the company said.
David Keith, vice president, Financial Markets for Globe Information
Services in Toronto, said that investors asked for two specific
capabilities.
“The first was a way to measure performance over various time periods, both on a dollars gained/lost basis, and on a rate of return basis, he said. “The GLOBEfund Portfolio Tracker does that.”
“The second was a means of maintaining a portfolio without the hassles of
having to readjust holdings information each time a fund company makes a
distribution. We have accomplished that as well.”
A significant benefit of using Portfolio Tracker over newspaper tables, the company said, is that investors can calculate their exact current return from the day they purchased their funds as opposed to the monthly or annual returns listed in the paper.
