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Pershing adds 11 new mutual fund providers to Nexus Funds solution


Pershing Limited, a BNY Mellon company, has  expanded its Nexus Funds solution with the addition of 11 mutual fund providers.

The additions of F&C Fund Management, First State Investments (UK), Ignis Asset Management, Jupiter Unit Trust Managers and Lazard Asset Management, as well as other recent additions, bring the total number of fund providers to 38 and the total number of funds available to 1169.

Nexus Funds is a straight-through processing, no-transaction-fee mutual fund solution which simplifies trading and investing for Pershing clients and their investors. Dealing, settlement and custody fees on new assets are waived for eligible deals that utilise the solution. For funds traded through the Nexus Funds solution, Pershing offers guaranteed contractual settlement and consolidated trailer fee payments as well as a single access point to global funds, reducing time delays, potential for errors, and the overall cost of fund dealing.  

"Pershing is fully committed to offering our clients access to a full suite of investment and technology solutions," says Lloyd Williamson, Managing Director of Product Management and Client Technology Solutions at Pershing Limited. "We continue to enhance Nexus Funds and the investment opportunities and efficiencies it offers to our clients to help their investors reach their financial goals."

The Nexus Funds solution is fully integrated with Pershing’s proprietary technology platform, Nexus, which provides Pershing’s clients with a range of technology and investment solutions to support their front to back office business requirements.

 "Through Nexus Funds, and with our ongoing enhancements to our Nexus technology platform, Pershing clients have access to integrated execution and custody solutions that provide investment opportunities in multiple asset classes, including equities, Exchange Traded Funds (EFTs), fixed income, foreign exchange, and whole-of-market funds," says  Charles van der Merwe, Chief Executive Officer of Pershing Limited.

"Our clients’ investors benefit from the consolidation of assets across multiple portfolios, access to tax and pension wrappers, and a suite of portfolio valuation and tax reports. We are committed to continually strengthening our solutions as the markets evolve to provide our clients with the opportunity to focus on better serving their investors and growing their businesses."

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