European Fund Classification

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.

Transparent comparisons of cross-border funds
Less controversial peer group analysis
A common language for fund classifications
High threshold levels that secure investor protection
Greater standardization in the production of funds

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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.

To extend the scope of the current classification Classification, EFAMA has decided to launch an indicative classification. FundConnect have implemented the concept in the Nordics and FE Fundinfo has applied the indicative classification for funds distributed in in Switzerland and Germany. The indicative classification should be seen as a first step towards a “verified” classification of those funds.

The Classification Administrator performs the duties of the classification on a non-monetary basis. The classification results are freely available on the websites of FundConnect and EFAMA (http://www.efama.org/SitePages/EFCF.aspx) 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.

Classified Funds

Classified share classes

Download the classification results

Verified Classification is performed on the basis of the most recent portfolio holdings. It involves regular monitoring of data by a neutral Classification Administrator (FundConnect) to ensure that funds do not drift from their stated objectives.
Consolidated feed includes the most recent classification, both verified and indicative classification, for all classified funds.
Indicative Classification is a complementary classification. It should be seen as a first step towards a “verified” classification.

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    Disclaimer

    Indicative classification has been based on the thresholds set in the EFC categories, using publicly available information only. Care has been taken to ensure that the information, including sector allocations, are correct but FundConnect and FE Fundinfo neither warrant nor guarantee the contents of the information, nor do they accept any responsibility for errors, inaccuracies, omissions or any inconsistencies herein.