New rules for classifying investment funds have moved closer with the news that FEFSI - the pan-Euro...
New rules for classifying investment funds have moved closer with the news that FEFSI – the pan-European equivalent of the IMA – and the European Fund Categorisation Forum have decided to work together. The deal is important because it brings to the EFCF the backing of the national associations which make up FEFSI's membership, and by association some 900 companies managing about 40,000 funds with assets of some 5trn euros. One fly in the ointment is the lack of a precise timetable for implementing the new classification scheme. FEFSI secretary general Steffen Matthias ...
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