Societe Generale Securities Services helps Métropole Gestion transform funds as part of “FROG” initiative

Métropole Gestion plans utilise the new dynamic launched by the Paris financial centre to grow its international distribution capacity.

With support from Societe Generale Securities Services (SGSS), Métropole Gestion is among the first French investment firms to apply measures implemented by the FROG  working group by recently converting 7 of its common funds into a French SICAV, an open-ended collective investment company.

As a SICAV, it specifically benefits from a solid framework to protect investors’ interests through a dedicated governance charter. A benchmark of quality among foreign investors, this governance is managed by a board of directors as well as advisory bodies. The transformation also allows the funds to maintain their performance track record since their launch as well as retain their ISIN codes.

SGSS is also fund agent for the SICAV, based on the transfer agent model used by international investors and recommended by the FROG working group, which simplifies the cross-border distribution process by allowing orders to be transferred directly to the agent.