Europe’s fund platform Allfunds unveils stock class search tool
European fund platform Allfunds Bank has launched a search tool for stock classes of funds available in the market aimed at providing clients the information needed to comply with Mifid II requirements.
The new digital Share Class will provide product distribution intelligence when selecting fund share classes and it does its search through three main criteria: type of client, type of service and cost.
The tool enables distributors to ensure that the distribution conforms to the parameters set by each class and the investment services defined by the regulator.
Distributors will also have access to a comprehensive consultation solution of more than 80,000 funds by share class in which they will be able to consult the available classes and the information necessary for choosing the most appropriate one.
Allfunds´ CEO, Juan Alcaraz said: “The Share Class tool is a unique solution created by Allfunds Digital to help our clients within the MIFID II context. We identified this relevant problem for distributors and we worked hard to have this valuable tool for them, enabling and facilitating mutual fund distribution in a digital ecosystem. Through our online portal, clients will have access to an all-in-one solution to meet their regulatory requirements.
“We are focused on providing our clients cutting-edge technology to help streamline day-to-day activity whilst being compliant to the MiFID II requirements. I am very pleased that Allfunds launched this digital solution to help give clients access to all the data they require while keeping costs low and enabling digitalization.”