Fi360 provides the flexibility to apply different watch list triggers to different types of funds: Active; Passive; Money Market/Stable Value; and Target Date Investments. Apply multiple Watch List Triggers to the client's Investment Policy Statement.
Investments will be placed on the watch list and will be displayed in the Areas of Action section of the Monitoring Report, if they do not pass the associated trigger.
Follow the below steps to create your own Watch List Triggers:
1. Go to Application Management (gear icon in top right corner)
2. Click on the Watch List Triggers tab and '+ADD NEW TRIGGER'
3. Select the conditions for your trigger
All required conditions MUST be met or the investment will be put on watch. A simple example of a required condition, would be the 5-Year Return. To establish the threshold, just move the slider to the percentile rank to determine the passing level.
Flexible conditions allow you to be less rigid with your process in that a single shortfall won't automatically put an investment on watch. Based on how many flexible conditions you add, you can specify the quantity of conditions which must be met to pass the trigger. In the example below, the conditions are 1 Year Return in the top 67th percentile, 3 Yr Sharpe Ratio in the top 75th percentile, and manager tenure greater than 3 years. Only 2 of the 3 flexible conditions are needed to pass for the investment to remain off the watch list.
Please note, you can change if NULL values will PASS or FAIL the corresponding trigger.
Draft and Publishing
Once you have entered all of your conditions for this trigger, you can save it as a draft or publish it for use in an Investment Policy Statement. Once a trigger is published, it cannot be changed, but it can be updated by copying the published trigger. This safeguard is in place to ensure that any active Investment Policy Statements using the original trigger are not effected until a new policy is reviewed and updated with trigger changes.
After a Watch List Trigger has been published, it can be selected as an active, passive, money market/stable value, or target date watch list trigger when creating or updating a client's Investment Policy.