Allfunds achieves €350bn global AuA milestone

Allfunds Bank, which bills itself as Europe´s largest fund platform, says it has achieved a new milestone by passing €350bn assets under administration (AuA) globally, an increase of €100bn year-to-date thanks to its efforts in the digital space and expansion of products available on the platform.  

The milestone comes as the organisation turns towards a digital future with innovations such as its ‘API platform’ - a tool that is helping over 585 financial institutions to develop mobile applications (apps), as well as, other cutting-edge client services.  Allfunds also continues to enhance its MiFID II (markets in financial instruments directive II) tools ahead of January´s deadline including in-depth share class analysis and plans to launch a Regulatory Data Hub at the end of the year. 

Allfunds says it continues its global expansion into territories such as Asia, Latin America, and the Nordics . It now operates regional offices in over nine countries, and has plans to open its tenth office in Brazil in the coming weeks, and has clients across 41 countries. 

Allfunds adds that it also sees continuing growth in platform demand for passive instruments. With its recent exchange-traded fund announcement it says it aims to offer clients multiple investment options making it possible for them to implement multi-product investment solutions and strategies for their customers.

Allfunds Chief Executive Officer Juan Alcaraz said: “Allfunds is now growing across multiple fronts both geographically as well as structurally. Our efforts in Asia and Latin America have paid off and I’m sure the same will be the case in the Nordics. Our efforts to further develop our digital services along with our regulatory tools are also providing the foundation for good future growth. I’m therefore delighted that we have passed another significant milestone with some €350 billion under administration.”