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. The firm hopes the distribution of ETFs into the retail market will be enha...
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