AssetClassEnum
RIXML 2.5 Enumeration
Enumeration defining broad asset categories including Equity (stocks), FixedIncome (bonds), Currency (foreign exchange), Commodity (physical goods), and RealEstate. Represents fundamental investment classification system.
Usage
Required as value for AssetClass assetClass attribute to categorize securities into major asset classes. Used for portfolio construction, risk management, and regulatory reporting across investment industry.
Business Context
Fundamental taxonomy for investment allocation and risk management, enabling portfolio diversification strategies, regulatory compliance, and performance attribution analysis across different asset categories.
Specification Guide
Overview
AssetClassEnum classifies research content by the broad financial asset class it covers. It is the primary dimension for routing research to the correct consumer desk — equity analysts, fixed-income traders, FX strategists, commodity researchers, or real-estate investors each filter on this value. The enumeration is intentionally coarse-grained; finer distinctions (e.g. corporate vs. sovereign bonds) are handled by downstream taxonomy elements such as AssetClass children and AssetTypeEnum.
Usage
Populate the assetClass attribute on AssetClass within the Context section of a Product. Every Level One compliant file MUST include at least one AssetClass element. When research spans multiple asset classes (e.g. a cross-asset strategy note), include one AssetClass per applicable value rather than omitting the tag. The ordering of values carries no semantic weight.
Rules
- MUSTEvery Level One compliant research product MUST include at least one AssetClass element with a valid AssetClassEnum value[RIXML Level One Addendum v2.5 p.8] [RIXML Getting Started Guide p.12]
- SHOULDCross-asset research SHOULD enumerate all applicable asset classes rather than choosing a single primary class[RIXML User Guide v2.2 p.22]
- INFORMATIVEThe
RealEstatevalue was added in version 2.4 and MAY not be recognised by consumers running older schema versions[RIXML Research Data Dictionary v2.4 p.18] - MUSTEnumerated values are case-sensitive;
Equityis valid butequityorEQUITYare not[RIXML Research Data Dictionary v2.5.1 p.14]
Relationships
- constrainsAssetClass — AssetClassEnum provides the closed value set for the
assetClassattribute on AssetClass - used-byContext — Asset class values appear within the Context block to classify research by market segment
- complementsAssetTypeEnum — AssetTypeEnum provides a finer sub-classification within each broad asset class
Where It Fits
Elements using this type (1)
Definition
| Base Type | string |
Enumeration Values
Equity |
| Equity |
Investment research that focuses on ownership shares in companies, providing analysis of stocks and equity-related instruments Select when the research content primarily analyzes stocks, equity markets, or company ownership interests [RIXML Research Data Dictionary v2.5.1 p.13] ActiveSince 2.1 |
FixedIncome |
| Fixed Income |
Represents debt securities and fixed income investments such as bonds, notes, and other interest-bearing instruments Use when the research discusses fixed income topics, bond markets, or specific debt securities. Also appropriate for general fixed income market analysis. [RIXML Research Data Dictionary v2.5.1 p.19] ActiveSince 2.1 |
Currency |
| Currency |
Represents foreign exchange and currency-related securities and derivatives Use when the research discusses currency securities such as USD futures, currency swaps, or foreign exchange markets and instruments. [RIXML Research Data Dictionary v2.5.1 p.19] ActiveSince 2.1 |
Commodity |
| Commodity |
Represents raw materials and commodity futures and related instruments Use when the research discusses commodity markets in general or specific commodity futures like gold futures. Do not use for equity analysis of commodity-related companies. [RIXML Research Data Dictionary v2.5.1 p.19] ActiveSince 2.1 |
RealEstate |
| Real Estate |
Property investments involving land, buildings, and associated natural resources, including residential and commercial real estate Use when the research focuses on property investments, real estate markets, REITs, or the real estate industry [RIXML Research Data Dictionary v2.5.1 p.71] ActiveSince 2.4 |
Examples
<!-- Example usage of AssetClassEnum enumeration -->
<element type="AssetClassEnum">Equity</element>Version History
RealEstateAssetClassEnum has been present since RIXML 2.1 with four original values: Equity, FixedIncome, Currency, and Commodity. Version 2.4 added RealEstate to support the growing real-estate research sector [RIXML Research Data Dictionary v2.4 p.18]. No values have been deprecated or removed across any version. The proposed version 3.0 draft retains all five values unchanged [RIXML Research Suite Data Dictionary v3.0 (DRAFT) p.14]↗.
Semantic Relationships
Qualifies2 relationships
Good Ability rating represents the lowest investment-grade category specifically for fixed income securities
RIXML Research Data Dictionary v2.5.1, p.100— GoodAbility
REITs enable investment exposure to real estate assets through equity and mortgage trusts that trade on major exchanges with special tax considerations
RIXML Research Data Dictionary v2.5.1, p.119— REITS
Requires4 relationships
Convertible preferred stocks derive their ultimate value from the performance of common stock and typically involve conversion rights to common shares
RIXML Research Data Dictionary v2.5.1, p.111— ConvertiblePreferred
German Pfandbriefe are covered bonds collateralized by long-term assets representing the largest private debt market segment in Germany
RIXML Research Data Dictionary v2.5.1, p.118— GermanPfandbrief
French Obligations Foncières are covered bonds backed by highly collateralized debt obligations with preferential rights in bankruptcy
RIXML Research Data Dictionary v2.5.1, p.118— FrenchObligationsFoncieres
Eurodollars are USD-denominated deposits at banks outside US jurisdiction operating with narrower regulatory margins
RIXML Research Data Dictionary v2.5.1, p.118— EuroDollars
Contrasts With1 relationship
German profit participation certificates provide profit sharing rights but specifically exclude voting rights unlike traditional shares
RIXML Research Data Dictionary v2.5.1, p.119— Genussescheine