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Products May 3, 2003
BONY Opens Money Fund Site
March 29, 2001 (PLANSPONSOR.com) - Institutional
investors can now tap into a range of short-term investment
vehicles through MoneyFundsDIRECT.com, a new
transaction-based Web site from the Bank of New
York.
Reported by Nevin E. Adams
Plan sponsors and investment managers can link directly to more than 20 mutual fund families through the site, as well as:
- research fund information
- download reports
- buy and sell funds
- check daily balances
- transfer funds.
The site also offers access to monthly money market commentary from Goldman Sachs, and a glossary of financial terms.
The site ( www.moneyfundsdirect.com ) currently lists funds from AIM, Alliance, Blackrock, Dreyfus, Federated, Fidelity, Goldman Sachs, Janus, JP Morgan, MCM, NationsFunds, SEI, Valiant Funds and Wells Fargo, in addition to BONY’s Hamilton Funds.