Phoenix Fund Services has won a contract to provide fund accounting and transfer agency services for Evercores PanDYNAMIC OEIC, which has two sub funds.
The funds invest mainly in carefully selected Exchange Traded Funds (ETFs).
Christopher Aldous, Chief Executive of Evercore Pan-Asset stated: Our low investment management fee shows Evercore Pan-Asset is committed to delivering the lowest-cost investment management solutions based on dynamic asset allocation. We chose Phoenix for their efficientsystems and straight-through processing which helps to keep the Total Expense Ratio of the funds down to only 0.6%
Stuart Mathieson, Managing Director of PFS (UK), commented: We are delighted to be working with Evercore Pan-Asset Capital Management, a well regarded investment manager with a clearly differentiated investment proposition. As fund managers continue to look for efficiencies across their businesses, Phoenixs unique proposition that combines straight through processing and fund accounting from one single data entry, is receiving increasing attention.