(Vocus) November 9, 2010
SunGard has added BofA Global Capital Management’s U.S. money market funds (the “BofA Funds”) to its SunGard Global Network (SGN) Short-Term Cash Management portal. SGN is a global, multi-currency trading and connectivity solution that helps institutional cash investors, such as corporate treasurers, local authorities and asset managers, meet their short-term investment requirements.
Investors today demand higher levels of liquidity and credit transparency combined with competitive yields. Money market funds help them actively manage their portfolios while diversifying their counterparty risk. SunGard’s SGN Short-Term Cash Management portal provides access to research, analysis and other information on hundreds of money market funds worldwide to help meet these demands. The portal presents historical data on one platform, along with yield comparisons and filters on ratings, giving cash managers access to their investments and the ability to streamline the entire process.
BofA Global Capital Management is an asset management division of Bank of America Corporation. BofA Global Capital Management entities furnish investment management services and products for institutional and individual investors. This includes taxable and tax-exempt money market funds, multi-currency offshore funds and customized separate account strategies. According to BofA, as of September 30, 2010, the BofA Global Capital Management business had more than $98 billion in assets under management.
Bob Ward, chief operating officer of SunGard’s wealth management business, said, “Institutional investors come to SunGard for solutions that help them connect to their valued partners, like BofA Global Capital Management, in a fully-disclosed, transparent manner. We are pleased that the BofA Funds are now available via the SunGard Global Network.”
About SunGard Global Network
A trade automation and connectivity solution, the SunGard Global Network links institutions throughout the financial services value chain, offering services for equity, fixed income securities, listed derivatives, mutual funds, money market funds and other cash equivalents. The SunGard Global Network helps automate the entire trade lifecycle from order execution through to post-trade processing. It provides access to 110 markets worldwide and connects the buy-side, third party networks, broker/dealers and investment companies, including more than 2,000 asset managers and 500 broker connections. Its international connectivity hubs also support low-latency market data delivery from global markets.
SunGard is one of the world's leading software and technology services companies. SunGard has more than 20,000 employees and serves 25,000 customers in 70 countries. SunGard provides software and processing solutions for financial services, higher education and the public sector. SunGard also provides disaster recovery services, managed IT services, information availability consulting services and business continuity management software. With annual revenue exceeding $5 billion, SunGard is ranked 380 on the Fortune 500 and is the largest privately held business software and IT services company. For more information, visit http://www.sungard.com.
BofA Global Capital Management is not affiliated with SunGard. This content has been provided for informational purposes only without regard to any particular user's investment objectives, financial situation, or means, and by posting such information SunGard is not soliciting any action based upon such information. The information provided is not to be construed as a recommendation; or an offer to buy or sell; or the solicitation of an offer to buy or sell any security, financial product, or instrument; or to participate in any particular trading strategy in any jurisdiction in which an offer, solicitation, purchase or sale would be unlawful under the securities laws of such jurisdiction. The securities and services mentioned may not be available to retail investors, and may not be registered or authorized in certain jurisdictions and therefore may not be available to certain clients.
SGN Brokerage Services offered throughout Europe, the Middle East, Africa and Asia Pacific are provided by SunGard Global Execution Services Limited - Authorised and Regulated by the Financial Services Authority * Registered in England and Wales No. 3127109 * Registered Office: 25 Canada Square, London E14 5LQ. SunGard Global Execution Services Limited is exempted from licensing under Australia Securities & Investments Commission Class Order 03/1099 and is regulated by the FSA under UK laws, which differ from Australian laws.
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