Allfunds launches new digital tool to support distributors with MiFID II

Allfunds Bank has launched Share Class, a search tool for stock classes of funds available in the market. Through this tool, Allfunds makes available to its customers all the information necessary to adapt to the regulatory requirements brought by the new MiFID II environment.  

The search can be done using three main criteria – type of client, type of service and cost.
International managers have been expanding in the last decade the number of share classes available for their funds, in many cases, exceeding ten variants for the same product. This diversity causes a problem for distributors who have to choose the most suitable share class for their client based on the underlying investment service offered. A challenge that has been increasing in recent years as supervisors have been defining the different services offered to the client and the right share class to each of them.
To solve this problem, Allfunds has developed the Share Class tool that allows distributors to ensure that the distribution conforms to the parameters set by each class and the investment services defined by the regulator. Within the Allfunds portal, distributors have access to a comprehensive consultation solution of more than 80,000 funds by share class in which they will be able to consult the available classes and the information necessary for choosing the most appropriate one. This tool will join additional solutions incorporated to the Allfunds Regulatory Hub, such as:
• EMT Lookup: European MIFID Template of more than 80,000 funds 
• Profitability scenarios via the ETP (European PRIIPs Template) of 50,000 funds
• Ex ante and ex post cost reports, customised in advance with clients’ corporate identity, which can be adapted according to needs
• Access to all the information through an FTP server.
These tool features will establish a seamless, efficient and compliant share class selection process, aligned with investors’ requirements.