New: Sharesight Pro Portfolio Search Tool

Great news for Sharesight Pro clients managing a large amount of portfolios: we’ve added a portfolio search tool to the Sharesight Pro dashboard, making it easier to search and filter by client portfolio names:

Sharesight Pro Portfolio Search Tool

A few notes on the new Sharesight Pro dashboard portfolio search tool:

  1. The search will return results when two or more characters are entered, or display ‘no results’ if no results are found.
  2. Results are displayed in alphabetical order with one exception: if a portfolio name starts with the exact search value, then that portfolio will take precedence.
  3. A maximum of 10 results will be displayed within the dropdown list.
  4. Only those portfolios that are available to the user will be returned. So a staff user’s search results will only include those portfolios they normally have access to within their dashboard.
  5. Clicking on a search result (the portfolio name) will take you to that portfolio.

We hope this feature will help you with the day-to-day management of your Sharesight portfolios. If you have any questions, please contact your Account Manager.

How to confirm your trades with the Contract Notes Inbox

Using our Broker Email Import feature to automatically capture your on-going trades is the best way to keep your portfolio up to date. But there are occasions when Sharesight might not be able to process your contract notes.

This is where the Contract Notes Inbox feature comes in handy. It allows you to review the contract notes your broker has sent to Sharesight and see which ones have worked and which ones have failed – and why they failed. While you’re there, you may also download the contract note PDF attachments that were sent to Sharesight. So by checking the Contract Notes Inbox, you can double-check that your trades are being received by Sharesight, and easily troubleshoot any issues that may have occurred.

Contract Notes Inbox from Sharesight

In addition to bringing to light your performance as an investor, our aim is also to provide a necessary record-keeping feature. The more information you store in Sharesight, the more automated your admin will become, and the less reliant you’ll be on third parties like registries and brokers.

Using the contract notes feature around the world

Sharesight only processes PDF contract notes from brokers in NZ and Australia. And if you trade via CMC Markets Stockbroking or ANZ Securities, you can automatically link your accounts using the Sharesight Connect API instead of relying on contract notes. Follow our blog and forum to learn about connectivity to other brokers and regions in the near future.

How to handle the NAB demerger and CYB IPO

Recently National Australia Bank (NAB) announced that they’re proceeding with the demerger and IPO of CYBG PLC (CYB). According to NAB chairman Ken Henry, the NAB demerger and decision to spinoff Clydesdale Bank will allow NAB to focus on its core markets of Australia and New Zealand.

How to handle the NAB demerger and CYB IPO

What the NAB demerger means for investors

The mechanics of this demerger are that existing shareholders in NAB will receive new shares in the new standalone Clydesdale Bank.  The total value of the two entities will not change, however, as the value of the new shares in Clydesdale will be offset by a corresponding reduction in the value of your NAB shares.

The NAB demerger will have implications for all investors with NAB in their portfolios and may affect your tax situation depending on where you live. The NAB demerger will affect you differently if you’re an AU/NZ investor, an overseas investor, or considered a Small Shareholder. Finally, if you’re ineligible to participate in this demerger, NAB will send you the proceeds of any CYB shares that you would have been entitled to on your behalf.

How to handle the NAB demerger

Fortunately, Sharesight makes it easy for investors to handle corporate actions, even complicated demergers, and to track the capital gains tax implications. Using Sharesight to track this demerger will also maintain an accurate record of your portfolio performance.

Please note that we always advise you to consult your financial advisor or accountant regarding corporate actions, especially for tax purposes as we are not authorised to provide financial advice. The information below, including the dates is subject to change. We encourage you to review the official NAB offer document for full details.

Here’s how to handle the NAB demerger in Sharesight:

  1. You’ll want to enter a return of capital to your NAB holding. To do so, go into your NAB holding and click Enter a New Trade or Adjustment.
  2. On the pop-up, select Return of Capital from the transaction type dropdown.
  3. If you’re an Australian or New Zealand investor, you’ll want to use 8 February 2016 as the date of trade. If you’re overseas, you’ll want to use 4 February 2016 (the date the Clydesdale shares started trading in each respective market).
  4. Based on the class ruling detailed here, record a return of capital based on $4.01 per share of CYB (the volume weighted average price, or VWAP).
  5. Now, you’ll want to create a new portfolio holding for CYB. To do so, click Add Holding from the Overview or Holdings tab.
  6. Find CYB in the ASX and use an Opening Balance transaction. Note that if you’re outside of AU/NZ, you’ll want to use the LSE listed security.
  7. Enter the quantity of CYB shares that you acquired using the same $4.01 price mentioned above (the cost base should equal the return of capital from step 4 above).
  8. Note:  If you sell your CYB shares within the first year, Sharesight will not apply the 12 month CGT discount.  You should be entitled to this if the original purchase date of your NAB shares was at least 12 months ago.  You will need to manually adjust this in the CGT report to apply the CGT discount.  If you hold CYB shares for more than 12 months after the demerger date then no further adjustments will be necessary.

Adjusting your cost base in your NAB holding:

How to handle the NAB demerger and CYB IPO

Adding CYB using an opening balance:

How to handle the NAB demerger and CYB IPO

For most investors these corporate actions can be time consuming and confusing. Sharesight provides you with the tools and technology to keep your portfolio up to date. And remember to check our customer forum for steps to handle these corporate actions and to interact with other investors.

FURTHER INFORMATION

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New on Sharesight: Livewire market insights within your portfolio

We’re pleased to announce that we’ve partnered with Livewire to bring their exclusive insights directly into your portfolio. Livewire aggregates a curated menu of investment ideas and research from Australasia’s top fund managers.

Get Livewire market insights within your Sharesight portfolio

Within Sharesight, you’ll find their feed on the investment-specific holding pages. In addition to the latest commentary, you can access historical research as well. Just click the Livewire News tab and you’re all set. There is no additional cost to access their news.

Get Livewire market insights within your Sharesight portfolio

Get Livewire market insights within your Sharesight portfolio

In addition to developing new features for Sharesight, we’re partnering with other products and services to make our offering even more indispensable for you, the investor. By building connections to other like-minded partners we’re becoming a customer-driven investment platform. With Sharesight as your portfolio’s “passport,” our goal is to offer you an ever-growing slate of complimentary services.

Updated industry classification data

If you’ve run a Sharesight portfolio report over the last couple months, you may have noticed a change in the way we display industry classifications. That’s because our industry classification data is now based on FactSet‘s global security classification scheme, instead of the Global Industry Classification Standard (GICS) that we previously used. This enhancement offers higher quality and more detailed industry classification data across all share markets in Sharesight.

Diversity Report

Why the change?

Up until now the industry classification data that we have received has been published under a variety of different classification schemes depending on the share market. To work around this we have had to manually cross reference each of the various schemes back to the GICS scheme as best we can. Due to the widely varying standards this is a somewhat inexact process and has resulted in poor quality data for some of our international markets in particular.

About Factset industry classifications

FactSet’s industry and sector classifications classify companies into multiple, highly specific categories based on the products and services they sell and the sub-sectors in which they operate. The taxonomy consists of 21 Sectors which are further broken down into 137 industry groups. This offers a much more detailed and granular taxonomy to the 24 industry groups that are currently available.

New features

It is now possible to group reports based on either ‘Sector’ or ‘Industry’ depending on the level of detail required. Overriding the default industry classification for a holding in your portfolio will now automatically apply the update to any other holdings of the same instrument in all of your portfolios. This feature is available on the following:

Industry Classification Data

For more information, including FAQs on this enhancement, simply visit our community forum topic entitled updated industry classification data.