Ashmore Sicav funds added to MFEX platform
Users of the MFEX platform can now access 16 Sicav sub-funds across both equity and fixed income asset classes from Ashmore Group, which has some $68bn under management mostly focused on emerging markets.
MFEX Mutual Fund Exchange AB operates a platform for automated trading in mutual funds, which also calculates and recovers rebates on trail fees. 470 fund companies from 20 domiciles distribute their funds through the platform.
In Europe, users are located in Austria, Belgium, Finland, France, Netherlands, Norway, Finland, Sweden and Switzerland.
Christoph Hofmann, global head of Distribution for Ashmore, said: “This agreement expands our distribution footprint in the Scandinavian market and builds on Ashmore’s third party distribution initiatives. We’re looking forward to working with MFEX to help investors gain access to Ashmore’s 20 years of experience managing money in emerging markets strategies.”