Allfunds is to offer ETFs on its platform for the first time on 1 June, as it adds products from passive providers iShares, Lyxor, Source and Deutsche Xtrackers.
The firm said the move is part of their digital strategy and will help wealth managers align with MiFID II when it comes into force next year. Wealth managers will be able to use standardised processes for all ETFs and mutual fund transactions through their existing reporting and custody frameworks. In addition, existing funds' services will reinforced with ETF-focused services such as execution, reporting, information and research. Allfunds has also agreed with ETF providers to offer educational programs. Santander agrees sale of entire Allfunds Bank stake The firm hopes the d...
To continue reading this article...
Join Investment Week for free
Signup and gain exclusive members-only insights - all free of charge!
- Unlimited access to real-time news, analysis and opinion from the investment industry, including the Sustainable Hub covering fund news from the ESG space
- Get ahead of regulatory and technological changes affecting fund management
- Important and breaking news stories selected by the editors delivered straight to your inbox each day
- Weekly members-only newsletter with exclusive opinion pieces from leading industry experts
- Be the first to hear about our extensive events schedule and awards programmes
