Euronext to Launch Fund Service in France
Active open-ended funds will be available for trading on Euronext’s Net Asset Value (NAV) Trading Facility in the second quarter of 2014.
"Our goal is to provide an exchange markets alternative for French asset managers to encourage international investment into France-domiciled funds," says Anthony Attia, CEO of Euronext Paris. "The legislative change allows us to offer a new choice for fund distribution in France and is another example of Euronext's approach to providing innovative solutions for different audiences in the financial services industry."
Euronext Fund Service follows Euronext Amsterdam's fund service, which has been operating since 2007.
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