N.M. Admin. Code § 2.60.14.11

Current through Register Vol. 35, No. 21, November 5, 2024

Section 2.60.14.11 - ELIGIBLE BROKERAGE AND RESEARCH SERVICES

A. INVESTMENT RESEARCH - advice, furnished either directly or through publications or writings, as to the value of securities, the advisability of investing in, purchasing or selling securities, the advisability of investing in, purchasing or selling securities, and the availability of securities or purchasers or sellers of securities. Analyses and reports concerning issuers, industries, securities, economic factors and trends, portfolio strategy and portfolio performance.

B. DATA SERVICE - On line data feeds that aid in the investment decision-making process.

C. EQUIPMENT - Computer hardware/software and communications equipment which support the investment decision-making process. All computer hardware/ software purchases will be coordinated with the management information systems department.

D. EXCHANGE FEES - Fees paid to both domestic and international exchanges to provide real-time quotes.

E. PROFESSIONAL SERVICES - Services that provide appropriate assistance to the investment decision-making process. Examples include performance measurement and proxy-voting services.

F. SUBSCRIPTION/REFERENCE MATERIALS - Publications, which provide appropriate assistance to the investment decision-making process.

G. POLICY REVIEW - The state investment officer will recommend changes to this policy as necessary to conform to standard industry practices.

N.M. Admin. Code § 2.60.14.11

6/15/99; Recompiled 10/1/01