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M&G to make funds as easy to trade as shares in landmark Crest deal
by Emma Dunkley on Feb 08, 2013 at 08:05
Furthermore, once the funds are registered on Crest, they can be moved between investors almost immediately, allowing for automatic re-registration.
As M&G is one of the biggest fund groups in the UK, managing over £200 billion as of last September, the move sets a precedent for fund providers and opens the way for other large groups that have expressed interest in the electronic settlement process.
M&G was unable to comment.
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