Nasdaq Adds Data to MFQS, Renames it Nasdaq Fund Network
Nasdaq has significantly expanded the content available via the 34 year-old MFQS feed, saying it will bring increased transparency to all the fund asset classes covered.
Originally launched in 1984 to provide data on listed mutual funds and money market funds, MFQS now includes unit investment trusts, annuities, separately managed and unified managed accounts, collective investment trusts, alternative investments and structured products listed on Nasdaq.
“We see increasing demand for transparency around the world, especially in Asia. As the middle classes in China and other nations grow, the demand for data will continue to grow. As our recent partnership with Sina shows, new investors are coming online every day and we are there to support their needs,” says Oliver Albers, VP and head of strategic partnerships in Nasdaq’s Global Information Services division.
“MFQS began as a US product, and the broad transparency it provided was a key factor in the growth and popularity of mutual funds with retail investors. With the relaunch as NFN, we are expanding our international coverage as well as the types of instruments we cover in order to reflect today’s retail investor interests,” Albers adds.
The service now distributes more than 35,000 investable products to more than a million investors daily.
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