Clearstream launches VestimaLink in Asia
The service removes the need for Asian fund distributors to connect to a large number of counterparties in Europe.
Clearstream, the international central securities depository part of Deutsche Borse Group, has launched VestimaLink, a new service designed to help Asian based fund distributors deal in European investment funds more efficiently.
"Asian investors are very active in European investment funds as a way to diversify their portfolio," says Philippe Seyll, head of investment funds services at Clearstream.
However, due to the lack of standardisation and centralisation in the European funds…
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