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European Fund Classification
The European Fund Classification (EFC) is a new pan-European classification of investment funds which has been developed by the European Fund Categorization Forum (EFCF) – a working group of EFAMA. The aim is to make available a classification structure that all industry stakeholders can rely on, thereby further enhancing the integrity of investment funds. The short-term aim is to classify and regularly monitor every investment fund available for sale in multiple jurisdictions but the longer-term aim is to have complete coverage of UCITS.