AssetClass
RIXML 2.5 Element
Required element specifying security's asset class using assetClass attribute from AssetClassEnum. In Level One, serves as container for the attribute value with Rating and Weighting children excluded.
When attached to a Context element, indicates the asset class that the research product focuses on. When attached to a Security element, indicates the asset class of the security. Typically used in conjunction with AssetType and SecurityType. One of the following: equity, fixed income, commodity or currency.
Usage
Required element within Security, appearing exactly once. Must have assetClass attribute with value from enumerated list. Acts primarily as attribute container.
Business Context
Fundamental for investment categorization and portfolio organization, enabling research filtering and allocation strategies based on broad asset classifications.
Where It Fits
Definition
| Type | |
| Namespace | http://www.rixml.org/2017/9/RIXML |
| Min Occurs | 1 |
| Max Occurs | 1 |
Attributes
assetClassAssetClassEnum |
Indicates the asset class. requiredSince 2.1 |
weightingActionWeightingActionEnum |
Highlights an action taken by the publisher. Indicates that the publisher is changing the weighting of the security type. optionalSince 2.1 |
Example
<AssetClass assetClass="Equity" />Version History
Unchanged since introduction in RIXML 2.1
Business Rules
Security element must contain single AssetClass element that acts as container for the assetClass attribute
Level One compliance excludes Rating and Weighting elements as children of AssetClass
Asset Class tags should not be used for all reports and must be omitted when not applicable, such as for economic reports
Design Decisions
In Level One, the AssetClass element acts merely as a container for the assetClass attribute rather than supporting child elements
To simplify the AssetClass structure by removing Rating and Weighting child elements for Level One compliance
RIXML Level One Addendum v2.5, p.15
AssetClass is limited to four specific values: equity, fixed income, commodity or currency
Provides standardized categorization for asset classes to ensure consistent classification across research products
RIXML Research Data Dictionary v2.5.1, p.56
Asset Class classification should be based on what the research report discusses, not the underlying business of companies mentioned
This ensures proper categorization where a report analyzing stock of a gold mining company is tagged as Equity rather than Commodity, while reports discussing commodity markets are tagged as Commodity
RIXML Research Data Dictionary v2.5.1, p.19
Semantic Relationships
Mutually Exclusive With1 relationship
Weighting action applies to asset allocation recommendations for industries, countries, or asset classes, while rating action applies to individual securities - they serve different analytical purposes
RIXML Research Data Dictionary v2.5.1, p.19— Rating versus Rating Action versus Weighting Action
Qualifies2 relationships
Asset class works in conjunction with asset type to provide comprehensive asset classification
RIXML Research Data Dictionary v2.5.1, p.56— AssetClass
Asset class works in conjunction with security type to provide comprehensive asset classification
RIXML Research Data Dictionary v2.5.1, p.56— AssetClass
Constrains2 relationships
The Security element must contain a single AssetClass element
RIXML Level One Addendum v2.5, p.15— Research.Product.Context.IssuerDetails.Issuer.SecurityDetails.Security.AssetClass
Asset class entitlement limits content access to specific asset classes like Equity, FixedIncome, Currency
RIXML Release Notes v2.5, p.8— Broadening support for different types of entitlements