Euronext today announced the launch of Euronext Fund Service in Paris, an innovative and complementary solution for investing in open-end funds (UCITS[1]and AIF [2]) registered or passported in France. It offers institutional and retail investors a simplified, automated cost-efficient subscription/redemption service to invest in funds through their brokers. Euronext Fund Service will be launched on 15 May 2017, starting with AXA IM, ECOFI INVESTISSEMENTS, NATIXIS AM and OFI AM funds. Other asset managers including COMMERZBANK and LA FRANÇAISE INVESTMENT SOLUTIONS will join Euronext Fund Services in the weeks following its launch.
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