SPARX Asia Funds has landed its funds on Pershing's FundVest platform. Four of SPARX's funds will be sold on the platform: the SPARX Asia-Pacific Opportunities Fund (SPAPX), the SPARX Asia-Pacific Equity Income Fund (SPAIX), the SPARX Japan Smaller Companies Fund (SPJSX) and the SPARX Japan Fund (SPXJX). SPARX also has distribution for its funds through Ameriprise, Schwab OneSource, E*Trade, Fidelity, HSBC Securities, Mid Atlantic Capital, Scottrade and TD Ameritrade.
Company Press Release
SPARX Asia Funds, a mutual fund complex offering investment funds managed exclusively by SPARX Group, one of Asia’s largest independent asset management firms, today announced that its growing family of Asia-focused mutual funds are now available through FundVest®, Pershing LLC’s no-transaction fee mutual fund platform. Pershing LLC is a subsidiary of The Bank of New York Mellon Corporation.
Pershing’s FundVest mutual fund platform offers investors access to over 2,200 mutual funds, managed by more than 170 fund companies. Through FundVest, investors can buy, sell or exchange an array of load and no-load mutual funds without incurring regular transaction fees.
FundVest® now provides four SPARX Asia Funds products, including the SPARX Asia-Pacific Opportunities Fund (SPAPX), the SPARX Asia-Pacific Equity Income Fund (SPAIX) and the SPARX Japan Smaller Companies Fund (SPJSX). Also available is the SPARX Japan Fund (SPXJX), which debuted in 2003. The funds are available to Pershing’s introducing broker-dealer customers and the clients they serve and to independent registered investment advisors and their clients through Pershing’s affiliate, Pershing Advisor Solutions LLC.
“We are pleased to distribute the full family of SPARX Asia Funds strategies as part of Pershing’s mutual fund platform,” said Evan R. Gartenlaub, President of SPARX Asia Funds. “This offers both financial advisors and their clients a new no-load option for investing in the dynamic markets of Asia, one of the world’s fastest growing regions.”
Ron Fiske, Managing Director of the Product Management and Development Group at Pershing, said, “SPARX Asia Funds has an established history of providing investors with a broad array of investment management services to help them meet their financial goals. The addition of SPARX Asia Funds to our FundVest platform reinforces our commitment to provide our customers and their clients with access to a wide range of market-leading solutions from high caliber financial institutions.”
The new relationship with Pershing complements SPARX Asia Funds’ existing distribution channel relationships with Ameriprise Financial Services, Inc., Charles Schwab Mutual Fund OneSource® Service, E*Trade Securities, Fidelity FundsNetwork®, HSBC Securities (USA), Inc., Mid Atlantic Capital Corp., Scottrade, Inc. and TD Ameritrade.
About SPARX Asia Funds:
SPARX Asia Funds provides investors with mutual fund solutions for unlocking the potential of Asian markets. The investment adviser to SPARX Asia Funds is New York-based SPARX Investment & Research USA, Inc., a wholly-owned unit of SPARX Group Co., Ltd. Founded in 1989, SPARX Group employs more than 280 people at its offices in Dubai, Hong Kong, London, New York and Tokyo and oversees some $13.1 billion in total assets under management (as of January 31, 2008). SPARX Group stock trades on the Jasdaq Securities Exchange. For more information, see www.SparxAsiaFunds.com or www.SparxGroup.com
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