The European Fund Classification (EFC) is a pan-European classification system of investment funds which has been developed by the European Fund Categorization Forum (EFCF) – a task force of the European Fund and Asset Management Association (EFAMA).
The vision of the EFCF is to create a true pan-European classification of investment funds which is supported and recognized by the fund groups as well as data vendors and national associations. The classification should be beneficial for all parties as it will ensure
|Funds classified - Q2 2020|
|Fund Universe||Number Of Funds||Number Of Classes|
The classification is performed by FundConnect, who was selected as Classification Administrator. The main responsibility of the Classification Administrator is to collate and review the portfolio holdings of every fund management company that is interested in adopting the EFC and to monitor, (initially on a quarterly basis) adherence to the classification criteria as defined by the appropriate sector definitions. The Classification Administrator performs the duties of the classification on a non-monetary basis. The classification results are freely available on the website of FundConnect and EFAMA and it is possible for data vendors or other interested parties to receive the results of the EFC in bespoke feeds. FundConnect and FE will make the classification available within their products and to the firms they distribute to.For more information
The Classification Administrator can be contacted at: [email protected]