KNEIP, a leader in fund data management and reporting solutions for the asset management industry, today announced a partnership with Nasdaq to register investment funds in Europe on the Nasdaq Fund Network (NFN), providing enhanced transparency and accessibility of investment products in Europe with standardised 5-character symbol.
NFN facilitates the collection and dissemination of fund data, allowing investors to find relevant, accurate and reliable pricing data on funds. Asset managers register their products on the network and receive a unique NFN Identifier. NFN then disseminates the data, making it searchable on one of the largest distribution networks, which pipes into online brokerages and major market data vendors.
KNEIP, are leaders in fund data management and reporting solutions for the asset management industry covering 40% of the European UCITs. KNEIP proactively manages clients’ data by providing accurate and consistent checks between vendors and platforms. Together with Nasdaq Fund Network, KNEIP will continue to provide accurate client data to the industry whilst leveraging the distribution channels of Nasdaq Fund Network and improving the discoverability and ease of use with the NFN symbol.
Commenting on the partnership, Enrique Sacau, Chief Executive Officer of KNEIP says: “We are obviously delighted to take to market a concept that has served the asset management industry in the United States very well and which has clear benefits for our European customers and partners. We are proud to be the exclusive European fund administration partner of Nasdaq Fund Network.”
“We believe all market participants are better served by access to information. Through NFN, Nasdaq helps provide the framework to a wide range of investment products more accessible to the general investing public,” said Oliver Albers, SVP Investment Intelligence, Nasdaq. “We are pleased to partner with KNEIP to help asset managers bring more awareness to investment funds and provide investors with daily access to transparent fund data to help inform investment decisions.”