FUND COMPANY SERVICES

 

WORLDWIDE SALES CHANNEL

Today MFEX has 105 distributors in Europe and Asia, in 30 countries on 4 continents. A platform agreement with MFEX offers access to new sales channels in multiple jurisdictions. MFEX offers fund companies a highly automated platform to centralize transactions, fund information, the computation and payment of rebates. MFEX puts the fund company in control of distribution by offering fully transparent online reporting which allow the fund company to see the holding per client in real time.

PAYING AGENT

 Passporting UCITS: a straightforward process

UCITS IV makes it easy for foreign fund companies managing UCITS to register their funds for retail distribution throughout the EU. Through a simple notification to their home state regulator the fund company is allowed to start marketing the UCITS within 10 working days of the notification.

Once a fund company appoints MFEX as their paying agent, the fund company can notify their regulator that it is MFEX that will process subscription and redemption orders as well as execute payments to end investors.

As English is widely accepted in Sweden, all the fund documents can be submitted in English with the exception of the KIIDs, which will need to be in Swedish.

 Opening the doors of the Swedish market

MFEX is a leading provider of paying agency services in Sweden and is fully independent.

As part of our Paying Agent Service, MFEX will open the doors of the Swedish market to fund companies.  Upon registration, and request, we will make funds immediately available for retail purchase on Fondmarknaden.se, the leading independent fund supermarket in Sweden, our wholly-owned subsidiary. Fund companies also have the opportunity to advertise with a banner on the web and in the newsletter directed to the clients at Fondmarknaden.se.

Most of Sweden’s largest and most reputed retail and private banks have elected to use MFEX’s services: Nordea, Handelsbanken, Danske Bank, Carnegie, Max Matthiessen, Catella and Lansforsakringar Bank. Jointly they form a large a majority of the Swedish retail market.

 Why distribute funds in Sweden?

The Swedish fund market is particularly dynamic and features an extremely high level of fund penetration

  • 80% of the population invests in funds directly for their pension or privately
  • 70% have monthly savings plans that are automatically transferred and invested in funds
  • 60% of children have savings in funds.

 

 Over 75 fund companies from 12 countries

MFEX has signed paying agent agreements with fund companies from several countries:
Brasil, France, Luxembourg, Ireland,United Kingdom, Norway, Finland, Netherland, Denmark, Singapore, Switzerland and Germany.

Existing clients include, Schroders Gam Star, Merrill Lynch International, Mirae AM,
Swiss & Global Asset Management, BTG Pactual, Carmignac, EDRAM, Eurobank Fund Management Company, Lion Global, Sarasin, Victoire Brasil, Mandarine Gestion, CSOP.

WHITE LABEL D2C

 

One way to distribute funds on the Swedish and European market is to add the white labeled front end service. We will build a web based front end for end investors of the fund company, white labeled in the fund companies own brand standard. The end investors have the opportunity to buy the funds electronically with a direct debit/credit of the end investor’s bank account. On the web the investor can see their holdings, transactions, and have access to fund information such as the KIID.

MFEX wholly owned subsidiary Fondab will handle all the administration of the end clients, client agreements, redemptions, subscriptions, corporate actions, KYC/AML, reporting to authorities. Fondab has the license to offer all fund account types available to end investors in Sweden.