Manufacturer need to create Key Information Documents for PRIIPs (PRIIP KIDs). These PRIIP KIDs shall inform private investors to make the products better understandable and simple to compare. More information about the main factors can be found under “Frequent Asked Questions”. openfunds now offers a Sample PRIIP KID including the needed fields for creating such […]
Fund data from fund houses can be hosted independently at locations in different countries. This can lead to problems, e.g., when two locations send the same data records having different values to the same data recipient. The data which reaches the recipient first will be deleted by the second data record. This problem can be […]
The tenth openfunds newsletter has been released. It introduces the new openfunds field list final version 1.23. Moreover, the newsletter mentions the next version 1.24 in which openfunds will not only add the actual missing EMT/EPT fields to its field list, but the new EMT 2.0 fields, as well. openfunds also welcomes three new Informational […]
The ninth openfunds newsletter has been released. It introduces the new openfunds field list draft version 1.23. Moreover, the newsletter mentions our new translation table from openfunds to EMT, EPT and CEPT. We kindly invite you to have a look at the files as they are quite helpful to better understand the translation rules from […]
The eighth openfunds newsletter has been released today. It introduces the new openfunds field list version 1.22. The new version contains further enhancements of the openfunds field mapping to the EMT and EPT as well as corrections of the previous version 1.21. Moreover, the newsletter mentions our new Open Issues section on our website and […]
The seventh issue of the openfunds newsletter announces the new release of openfunds version 1.21 with links to fields list and changelog. We also welcome two new members to the openfunds association. Click here to open the newsletter: openfunds newsletter #7
Yesterday openfunds Version 1.21 was published as a final release. It was announced mid-November as a draft release focusing on MiFID II and PRIIPs related fields. Since then inputs from members, fund houses and distributors were adopted, which has led to the currently published final version. As there are still some open questions with regards […]
The sixth issue of the openfunds newsletters focuses on proposed changes made to the draft openfunds fields list v1.21. All members are invited to preview the changes and give us your feedback. Click here to open the newsletter: openfunds newsletter #6
Following the recent publication of the openfunds fields version 1.20, there will be a new release in the near future – version 1.21. Please find below a link to the open issues website listing the current status of version 1.21 [DRAFT]. The changes of version 1.21 [DRAFT] are mainly due to a new version of […]
We are pleased to publish the fifth issue of our openfunds newsletter. Topics: openfunds fields v1.20 released – Solvency II, Execution, Dynamic Data and News fields are now available Click here to open the newsletter: openfunds newsletter #5
We are pleased to publish the fourth issue of our openfunds newsletter. Topic: Release of openfunds fields version 1.1: MiFID II, PRIIPs, Target Market and Cost fields now available. Click here to open the newsletter: openfunds newsletter #4
We are pleased to publish the third issue of our openfunds newsletter. Topic: implementation of openfunds fields relating to MiFID II and PRIIP KIDs. Click here to open the newsletter: openfunds newsletter #3
On the 28th of June in Zürich, Representatives from the European Working Group (EWG), Swiss Funds & Asset Management Association (SFAMA) and representatives from the openfunds association gave an overview about the ongoing regulatory discussions and an implementation solution for practitioners. Around 200 attendees followed the presentations from Ghislain Perisse (AXA, EWG), Daniel Lüdin (UBS, […]
Anfangs 2017 schliesslich erfolgte die Gründung des Vereins openfunds. Vereinspräsident Sascha Lingling erläutert im Interview mit der B2B-Redaktion die Hintergründe (German only).
We are pleased to publish the second issue of our openfunds newsletter. Topics: implementation of PRIIP KIDs and MiFID II, roadmap update, events, and new member announcements. Click here to open the newsletter: openfunds newsletter #2
Join us at the openfunds event: PRIIPs and MiFID II data standard for fund providers – a practitioner’s solution for the provision of data to distributors and insurers.
Fund platforms, which could provide a route for cross-border distribution, face hurdles when MiFID II comes into effect. Fiona Rintoul looks at the challenges ahead, including data-sharing. Link to “MIFID II FUND PLATFORMS: It takes two to tango”
We are pleased to publish the first edition of our openfunds newsletter. As of January 2017, we have established an association to represent, manage, extend and improve the openfunds standard. It is the association’s goal to provide and maintain an open, extensible and cost-free standard that enables the automated transfer and validation of fund data. […]
On 25 January, 2017 the openfunds association was established by the founding members of the openfunds standard; UBS AG, Credit Suisse AG, Bank Julius Baer & Co. AG and fundinfo AG. The Board of Directors is made up of the following members: Sascha Lingling (UBS, President), Tim Gutzmer (Credit Suisse, Vice President), Erich Lang (Julius […]
Link to UBS “News for Banks” article: Common ground for funds data
2016-09-15: (German) Den Wandel als Chance nutzen; UBS Fondcenter – Förderer der «openfunds» Initiative
(German) Die strengeren regulatorischen Anforderungen haben das Umfeld für Anlagefonds teifgreifend verändert und mit Blick auf die Wertschöpfungskette ein Umdenken notwendig gemacht. Es braucht neue Ideen und Geschäftsmodelle. Dienstleister wie Fondsplattformen können dabei einen wertvollen Beitrag leisten. Ein aktuelles Praxisbeispiel ist die Mitwirkung von UBS Fondcenter bei der “openfunds”-Initiative. B2B Magazin: Den Wandel als Chance […]
2016-06-27: Press release – UBS, Credit Suisse, Julius Baer and fundinfo launch fund data dissemination standard “openfunds”
Consistent description of mutual fund static data aids distribution Zurich, Switzerland, 27 June 2016 – After two years of intensive collaboration, two dozen financial institutions led by UBS, Credit Suisse and Julius Baer together with fundinfo AG have agreed on publishing the openfunds standard, version 1.0, on www.openfunds.org. The non-profit initiative has defined openfunds as […]
Today openfunds Version 1.0 is published as a Production Release. After 2 years of development and numerous beta versions, the openfunds standard is now considered ready for mass-implementation by all interested parties free-of-charge. Please refer to the Creative Commons Licence for further details. The list itself and its corresponding changelog can be found in the […]
Today openfunds Version 1.0 is released as a draft. This is a major release. The goal of this release is to give the fund industry guidelines for the consistent, efficient and error-free exchange of fund data. Any possible errors in this draft version will be corrected and implemented in the final openfunds Version 1.0 which […]
The share classes of a fund typically pass through various lifecycle phases from “projected” until “terminated”. The phase that a share class is in determines whether it has been, or could be invested in, or if portions of it can be redeemed. Also during performance analysis the lifecycle phase plays an important role in order […]
openfunds version 0.92 is released. 12 new fields have been added, and 10 fields have major changes – mainly fields that are no longer supported. openfunds is now extended with the possibility to add language tags to specified fields. For more information please refer to white paper “Language Tags”.
Many of today’s funds implement various different types of hedging. As the use of these instruments has a strong influence on the performance characterics of funds and share classes, openfunds now supports fields that describe the type of hedging a fund utilises.
Usually openfunds fields are available in one language only, most commonly in English. However, there are fields in openfunds that may exist in multiple languages, for example one describing a company or organisation name. This whitepaper describes a “Language Tag” extension to data-IDs which accomodates fields that exist in multiple languages without having to create new data-IDs. […]
Fund databases very often contain missing values. When data is exported to a spreadsheet, missing values are represented by empty fields. Missing data can have far-reaching consequences and can prevent investors from investing in a fund. This whitepaper looks at the way in which empty fields are interpreted in an existing database or in an […]
Today the openfunds fields list was expanded and improved. Version 0.91 adds 20 new useful fields, as well as field updates. One major change is the reduction of ambiguity concerning fields populated with “unknown”. From now on, please omit the entry “unknown” and simply leave it blank instead (refer to the whitepaper “The Ambiguity of […]
We are pleased to announce an easy way to quickly access the latest openfunds field definitions via static URLs. For example, if you would like to link to the openfunds field description for “OFST160100 Legal Form”, just use the following hyperlink: https://www.openfunds.org/OFST160100. To display any field definition, simply type the openfunds.org URL (https://www.openfunds.org) followed by […]
Today an updated openfunds fields list was published. With Version 0.90 openfunds is increasing the list of field definitions by quite a substantial number. Version 0.90 adds more than 40 new fields to the openfunds standard, that now counts for a total of nearly two hundred fields. Most of the fields added are referring to […]
Today an updated openfunds fields list was published. Version 0.89 is still a beta version, which will be completed in the comming weeks with additional fields. The additional fields of Version 0.89 are related to home country regulations or to the replication method of ETFs. The list itself and its corresponding changelog can be found […]
Today an updated openfunds fields list was published. Version 0.88 is still a beta version, which will be completed in the comming weeks with additional fields. However, we encourage users to use these fields already today, as the identifier (the data-ID) is fixed. The list itself and its corresponding changelog can be found in the […]
openfunds has updated its field list Version 0.87. This is a further step directing into a standardisation of fund data transmission.
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