Clearstream now supports operational processing for funds domiciled in Italy within the Clearstream Fund Services ecosystem.
As part of its enhanced product offering, Clearstream can now support execution activities for Open-Ended Mutual Funds (fondi comuni di investnto “aperti”), Private Equity Funds (AIFs), Hedge Funds (AIFs) and Real Estate Investment Trusts (REITs ).
The funds, fully recognized by the Italian Investment Funds Law and eligible for CBL, can now be fully processed at Vestima for order routing, settlement and safekeeping.
Vestima is the world’s largest cross-border funds processing platform for execution and custody for all types of funds on a single platform. It allows clients to trade any type of funds from a single entry point for order routing, custody and funds processing. This includes mutual funds, ETFs and alternative funds such as ELTIFs, private equity, real estate and hedge funds.
The ability to now support the Italian capital market is an exciting part of Clearstream’s aim to expand its geographic reach and provide a wider, more diverse range of capital to its global client base.