FIS would provide Victory Capital a 24/7, real-time mutual fund processing and recordkeeping platform, as well as transfer agency services.
Tag: mutual funds
The new mandate resulted in the transfer of 53 mutual funds and ETFs to Citi, following a recent acquisition from client Victory Capital.
SS&C has reported 20 of its largest clients have outsourced some or all of their operational functions to the tech giant over the past two years.
Interest in Greater China ETF grows but investors await international access schemes.
The solution is currently being used by a number of clients including a tier-one global investment manager.
New platform will digitalise trading, settlement and distribution of funds through distributed ledger technology.
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 UDA programme was launched last year exclusively to investment adviser clients, focusing on providing timely mutual fund distribution platform information.
The upcoming rule changes will involve a dramatic increase in the amount of data reported by mutual and exchange traded funds.