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Allfunds facilitates ETF transfers in Spain


Open architecture platform Allfunds has developed a solution that allows Spanish financial distributors to operate and transfer ETFs and mutual funds interchangeably. 

The firm writes that this is a competitive advantage that no other platform offers in Spain and allows any financial distributor attached to the platform to allow its investors to exchange investments within the transferable universe, without any fiscal impact for the final investor.
“This is the first time that an integrated solution has been offered in the market combining investment funds and ETFs, thus adapting the needs of investors who increasingly demand more efficient and cost-competitive investment products.”
Allfunds has integrated the possibility of transferring fund investments to ETFs, from ETFs to ETFs and from ETFs to funds, thus covering the different cases allowed under the Spanish ‘traspaso’ fiscal regime.
Allfunds writes that it has established effective management of decimals in ETFs, the identification of the instruments in the different markets, the management of the fiscal items associated with the transfers, as well as the total operational consolidation of funds and ETFs through a single efficient channel.
Allfunds will begin marketing under this Spanish transfers’ system, the ranges of the main ETFs managers in the European universe, with a broad coverage of the total market and making available to its network of distributors new investment instruments.
Laura González, Head of Iberia at Allfunds says: “Thanks to this technological development, our distributors will be able to implement and create new products for their clients, facilitating the investment in investment funds and ETFs to the retail investor. Any distributor that wishes can count on our platform to offer operational and fiscally efficient solutions.”

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