Using our previous use case of an International Equity product, let’s look at a quick example to see how trading accuracy can be improved when you use MAC securities for tighter control over rebalancing logic.
The core benefit of using MAC securities is to increase your trading accuracy, based on how your firm wants to classify products.īy applying a weighting breakdown, you are able to make your trades more accurate and closer to the targets you desire.
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So if you want more control over how a security is broken down, you’ll want to take full advantage of this new functionality. When you create MAC securities, you give yourself more control over trading logic in Eclipse™.=Įclipse™ will place trades and allocate to MAC securities as its first priority, placing them higher than pure asset class securities. Why Multi-Asset Class Securities are Important If your firm has run into situations in the past where you’ve created custom asset classes to designate this type of split in name only, then MAC securities will have an important place in your product classification workflow. While automatic classifications do exactly what most advisors require, you may decide this particular product can be more accurately classified as both International Equities U.S. There may be a product in your database classified as International Equity by one of the automatic asset classification providers we offer, such as Morningstar or Lipper. Here’s a simple use case for using MAC securities: User Tip : If you need more information about asset classification in Orion, open the Orion Social app and start a chat with the SME Trading Team about this important feature. MAC securities are most useful for advisors looking to gain more control over their models by creating a more custom weighting of their preferred securities.Īnd now, with Orion’s latest enhancement to Eclipse™, you can assign MAC securities at the Security level and each can be weighted with either: Asset Category, Asset Class, or Sub-Class classification levels. This functionality is typically used if you are trading at the Household level, and is most commonly applied to mutual funds. Think of MAC securities as a tool you can use to more accurately reflect the true weighting of a security based on how you assign asset classes to securities. Multi-asset class (MAC) securities are products weighted across multiple asset classes. In this post, we’ll dive more into multi-asset class securities and how you can set them up in Orion Eclipse™! Who Benefits From Multi-Asset Class Securities Experience even greater customization when it comes to running your firm’s unique trading workflows.