Pershing Limited, a BNY Mellon company, has enhanced its Nexus Funds solution with the addition of five fund providers: Artemis Fund Managers, Baillie Gifford & Co, J.P. Morgan Funds, Marlborough Fund Managers and Old Mutual Fund Managers.
The new providers bring the total number of fund providers to 43 and the total number of funds available to 1400.
Nexus Funds is a straight-through processing, no transaction fee mutual fund solution. For funds traded through the Nexus Funds solution, Pershing offers guaranteed contractual settlement and consolidated trailer fee payments as well as a single access point to global funds, reducing time delays, potential for errors, and the overall cost of fund dealing.
The addition of five more fund providers to our Nexus Funds platform demonstrates our commitment to offering our clients greater access to investment solutions to help their investors meet their financial goals, says Lloyd Williamson, managing director of product and client technology solutions at Pershing Limited. “We look forward to further expanding our Nexus Funds and the choices it offers to our clients.”