Pan-EU fund classification moves ahead

The completion of the classification project marks the first step in what will involve a complete reclassification of all funds available across European borders, to enable investors to make like-for-like comparisons. Fixed income funds will now be classified according to three main criteria: currency exposure, credit quality and interest rate exposure. Both EFCF and FEFSI say the new rules will improve cross-border transparency without the need for legislation. They add the new classification system for cross-border funds will be implemented by local trade associations in coming m...