Luxembourg has emerged as an attractive destination for Asian asset managers that seek new fund channels for their products.
Tag: fund distribution
The new dealing services will enable distribution of Irish UCITS ETFs to the Asia-Pacific and Latin America regions.
The deal will see MFEX manage all post-trade services related to funds, currently operated by Societe Generale Luxembourg.
TEEPI’s developments have been made in collaboration with a group of pilot clients, and the platform will continue to develop throughout 2019.
Calastone has been engaging with a community of early adopters who have had access to the technology, including custodians and fund managers.
Recently acquired London-based funds platform will come under newly branded Clearstream Fund Desk.
MFEX has gone live with the delivery of fund distribution services to RBC I&TS under a long-term partnership.
SGSS will become Fineco’s transfer agent and fund administrator in Italy and Luxembourg for its UCITS funds.
RBC I&TS will sell the GFP technology and in return, MFEX will provide fund distribution services to the Canadian custodian in a long-term partnership.
The chairman of one of Europe's main think tanks highlighted that market participants were becoming increasingly sceptical of CMU’s likelihood of success.