Strategy
Invesco Connects To Calastone For Funds Distribution
UK-based Calastone, an independent cross-border transaction network for the mutual funds industry, has signed up fund manager Invesco Perpetual to make its funds available via the global Calastone transaction network.
Kevin Lee, managing director of Calastone, said: “For every fund provider, distribution is key and Calastone not only offers access to a growing community of domestic distributors, wrap platforms and stockbrokers, but also to an ever lengthening list of international counterparties with which to transact their open architecture funds.”
Mike Morecroft, head of European transfer agency at Invesco Perpetual, said: “We are pleased to be connecting to Calastone’s transaction network. Doing so is consistent with our commitment to continue to drive automation within the funds industry.”