Clearstream has further expanded its offering in Northern Europe by making Finnish investment funds eligible on the fund processing platform Vestima.
International customers can use their Vestima set-up to directly access Finland domiciled funds and benefit from the same streamlined handling as for other markets. Fund Management Company Ltd is the first Finnish Asset Manager to have successfully on-boarded its mutual funds to the Vestima platform and has thereby greatly extended its distribution network.
“We welcome Finland as a fund market covered by Clearstream and the eligibility of Finland domiciled funds on Vestima"
Key drivers for adding Finland to the platform are international customer demand to fully cover the Nordic investment fund markets and the fact that the fund market is solid and has assets under management (AUM) reaching EUR 110 billion at the end of 2018.
“We welcome Finland as a fund market covered by Clearstream and the eligibility of Finland domiciled funds on Vestima which is a further step in extending our fund market coverage in the Nordics. As the leading global fund market infrastructure, Clearstream’s key objective is to support our customers’ investment strategies and to facilitate their business in all markets around the globe”, says Bernard Tancré, Executive Director and Head of Investment Fund Services at Clearstream.
“Evli has distributed selected UCITS funds to Central European investors for some years already, but with the eligibility on Vestima our reach expands into new spheres for Finland domiciled funds. International investors will not only gain access to Evli’s mutual funds, but they will also benefit from the Nordic investment knowledge of the entire Finnish fund industry”, Kim Pessala, Evli Fund Management Company’s Managing Director comments.
Additional information:
Kim Pessala, Managing Director, Evli Fund Management Company Ltd, tel. +358 40 523 3797
Petter von Bonsdorff, Head of International Business Development, Evli Bank Plc, tel. +358 40 540 4100
