BNP Paribas Securities Services launches Ucits IV Master Feeder Solution
BNP Paribas Securities Services (BNP Paribas) has launched a Ucits IV-compliant master-feeder fund solution that aims to help asset managers reach more end investors.
The solution gives asset managers a complete view into the master fund, providing a consolidated view of each fund, while automated fund dealing aims to reduce the number of manual functions required of asset managers.
The offer also includes fund administration, global custody, depot bank and reporting services cost-free at the feeder level in certain circumstances.
Margaret Harwood-Jones, head of client segments, asset managers and alternative investments at BNP Paribas, said the solution formed an end-to-end service which would be accessible from most of Europe and would support any combination of masters and feeders.
“As the largest Ucits service provider in Luxembourg, we are firm believers in the global Ucits brand,”she said. “Increasing efficiency and reducing costs in line with the directive is unequivocally the best response to this market development. We see our solution as a key enabler; contributing to clients’ success, bringing more assets under Ucits and ultimately contributing to the industry’s long-term success.”