Kneip partners with Nasdaq

KNEIP, one of the foremost figures in fund data management and reporting solutions for the asset management industry, has issued a statement announcing plans to partner with Nasdaq to register investment funds in Europe on the Nasdaq Fund Network (NFN).

This will provide improved transparency and accessibility of investment offerings in Europe with a standardized 5-character symbol. NFN facilitates the collection and dissemination of fund data, making it easy for investors to access relevant, accurate, and trustworthy pricing data on funds.

First, asset managers register their products on the network. Upon completion of the registration procedure, they are given a unique NFN Identifier. NFN then disseminates the data, making it accessible on one of the largest distribution networks, which integrates with online brokerages and major market data vendors.

KNEIP has carved its space as a leader with regard to fund data management and reporting solutions for the asset management industry. It currently covers 40% of the European UCITs.

Speaking on the new collaboration, 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.”