The European Fund and Asset Management Association (EFAMA) has published a set of European fund categories (EFC) that allows clearer comparisons between funds.
The new list allows users to make meaningful comparisons between funds and their peer groups within a system of fund categories described by the EFAMA as “transparent and fully defined”. The EFAMA is also recommending that the new categories be applied to both cross-border and domestic funds. Peter De Proft, Director-General of EFAMA, believes the publication of this new report shows his Association’s commitment to strengthen the positioning of UCITS as a well regulated and transparent investment product making it ideally suited for retail investors. “The EFC categories provide the Euro...
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