The Ministry of Finance and Economy (MOFE)in Korea today proposed changes to securities legislation which would allow Exchange Traded Funds (RTFs) to trade on the Korea Securities Dealers Association Automated Quotation (KOSDAQ) market. ETFs are presently listed on the Korea
Misys IFA services today announced plans to open a new quality assurance centre on the outskirts of the Indian capital, New Delhi. The company says the centre, which supplies support and research services for Independent Financial Advisers (IFAs) in the
Deutsche Brse has added another exchange traded fund (ETF) to its XTF section the Dow Jones Euro STOXX 50 Master Unit. The new ETF is issued by Lyxor International Asset Management, a subsidiary of Socit Gnrale, and tracks the DJ
Cofunds, the UK fund supermarket owned by Jupiter, Gartmore, M&G and Threadneedle, announced today that International Financial Data Services ('IFDS'), the State Street DST joint venture in UK retail fund administration, will be taking a stake in the company. The
IFDS, the State Street DST joint venture in fund administration, says Royal London Unit Trust Managers Limited is now client. IFDS is providing a shared administration service for the Royal London UK retail unit trust fund range. "The conversion to
M&G and IFDS the State Street and DST Systems fund administration joint venture today reached an outsourcing agreement for IFDS to provide M&G with retail administration services. During this year, M&G conducted a review of its retail IT systems platform
Over capacity, not a creaking infrastructure, is the main problem in European fund distribution too many fund managers are chasing too few customers. Although distributors are ostensibly happy to distribute third party funds, universal banks continue to source four in
BISYS announced today that it has been selected to support Seligman's retirement plan offering for owner only businesses. BISYS will support Seligman's One(k) offering with its administration and recordkeeping solution for Individual(k) retirement plans a retirement savings alternative that is
Northern Trust says Delaware based Friess Associates LLC has appointed its Global Fund Services Practice to provide custody, fund accounting, and short term cash management services to its recently launched Delaware business trust. The Friess Small Cap Trust is available
ADP Brokerage Services Group has signed a deal with the Depository Trust & Clearing Corporation (DTCC) to distribute the depository's Domestic Tax Reporting Service (DTax) to ADP clients. DTax provides vital year end tax reclassification information to financial institutions, significantly