Barra Cosmos System
Advanced risk management for global fixed income portfolios.

Today, economic and political factors that affect one country affect all countries. This is true of financial markets in general, and fixed income markets are no exception. This makes it increasingly difficult for fund managers to effectively diversify their risks. Portfolios now contain corporate bonds, emerging market bonds, derivatives and other fixed income instruments that are more complex than in the past.

Portfolio managers are required to have a global perspective and to make strategic bets based on the firm's global vision. Fortunately, there is a risk management system that simplifies the complexities of fixed income investing.

The Barra Cosmos System was developed with these market changes in mind, offering you a better understanding of the risk in your portfolio. With Cosmos, you can separate planned strategic bets from unplanned, incidental risks. In addition, you can examine your absolute risks and incidental risks relative to market indices.

It is important to know your risks. But it is critical to know their sources.

Barra Cosmos allows you to:
	Manage risk and optimize return in multi-currency, global fixed income portfolios
	Implement bond, derivative and currency strategies that reflect your unique investment style
	Create "what-if" scenario analyses to aid in the decision-making process
	Have multiple views of your risk through access to major indices and streamlined reports
	Analyze the risks derived from each of the individual risk factors in your portfolio
	Obtain drill-down, granular views of your risk to make informed investment decisions