Clearwater Analytics Introduces Industry's First Money Fund Transparency Platform
Clearwater's Money Fund Transparency allows investors to quickly review risk analytics, holdings and performance metrics for individual funds and to compare funds on a consistent basis.
Boise, ID (PRWEB) July 22, 2008 -- Clearwater Analytics, a leading provider of web-based investment portfolio reporting, today announced the availability of the industry's first Money Fund Transparency™ platform. Created for money market fund managers in response to investor demand, the Money Fund Transparency platform provides risk analytics, holdings and performance metrics online in a standardized format. The platform also provides detailed qualitative information on the fund, the manager, and the organization as a whole. The reporting on all participating funds is available to investors on the Clearwater website, on the websites of money fund portals and on the websites of the participating fund managers.
Turmoil in the financial markets has driven a flight to quality and liquidity and has increased the demand for transparency by investors. Money fund assets have grown significantly and many investors have meaningful percentages of their assets in money market funds. While money market funds do provide information on their holdings, the information is not made available in a standardized format and it is difficult and time consuming to evaluate. Clearwater's Money Fund Transparency platform presents risk analytics, holdings and returns in an easily accessible, legible, and consistent format permitting efficient fund analysis, comparison, and selection. The risk analytics include exposure to issuers, sectors, asset classes, credit ratings, duration and other critical measures.
"With a broad array of money funds from which to choose, it is difficult to collect and compare risk and return information in an efficient manner," said Tim Muindi, assistant treasurer of VeriSign, Inc. "A fund that participates in this initiative is addressing an important need and is sending a strong signal about their confidence in the fund's holdings and risk profile, which in turn provides me with an enhanced level of understanding and confidence in my investment decision."
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Business - Podcast Date: Mon, 21 Jul 2008 15:06:01 -0700
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