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MySF Administrator
Group: Administrators
Last Login: 29/01/2012 4:16:49 PM
Posts: 208,
Visits: 958
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Asset Categories are used to show a different view of the assets owned by the Fund based on the where the funds are invested.
For physical assets such as Commercial Property this will a one for one relationship between the Asset Class (the accounting classification) and the Asset Category. However for assets such as Managed Funds, it is likely that the fund is investing in different sectors, possibly on a global scale.
Under the menu item System Setup>Asset Allocation Categories users can define the categories that are to be used. If you hold property and say collectables then it would be advisable to have a separate category for each of these. The standard list loaded with MySF allows for Property, Cash, International and Australian Shares and International and Australian fixed deposits. It is important to understand where your money is invested both directly and indirectly in order to show the exposure in a specific market.
Whenever you add an asset you are prompted to make an entry in the asset allocation table for that asset.
Asset Allocations reporting can be viewed in a number of areas of MySF
1. Planned versus Actual
This feature compares the planned investments which are defined in the Investment strategy with the actual 'current value' of your portfolio as it is allocated to each ofthe Asset Categories. This is a very useful report for monitoring whether your fund is in line with your investment strategy.
2. Yield Analysis
Users can report the Yield being delivered in any or all Asset categories. This can be done using the Historical cost of the the asset as a base, or the current value. Yield Graphs can also provide a comparison of Asset Categories in the same manner.
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