MyTreasury announces addition of BofA fund to its cash investment portal
28 October 2013
London/New York, 28 October 2013 – MyTreasury, a leading multi-product cash investment portal, announces today that its customer BofA™ Global Capital Management has added several of its domestic BofA Funds to the MyTreasury platform.
The addition of the domestic BofA Funds to the MyTreasury portal will help corporate treasurers, municipalities, asset managers and other institutional investors to conveniently and efficiently access BofA Global Capital Management’s domestic fund offering. The BofA Funds are conservatively managed money market mutual funds that employ rigorous risk management processes to pursue three key objectives: capital preservation, maintenance of liquidity and competitive yields. BofA Funds are distributed by BofA Distributors, Inc., member FINRA and SIPC. BofA Distributors, Inc. is part of BofA Global Capital Management and an affiliate of Bank of America Corporation.
“We continue to grow our portal with the strategic addition of U.S.-based funds, and BofA Global Capital Management is a welcome addition to our growing list of fund managers,” said Justin Meadows, CEO of MyTreasury. “BofA Global Capital Management’s commitment to transparency, high credit quality and diversification in their offerings is very much in line with our value proposition, which will help to greatly simplify our customers’ due diligence process, and assist them in making key decisions most suitable to their investment policies.”
MyTreasury’s portal has grown to $50 billion in assets under management and is a six-time winner of the Treasury Management International Best MMF Dealing Portal Award. Building upon the success and rapid growth of its European money fund coverage, MyTreasury has recently expanded its portal offerings to include U.S. onshore funds. “With the same mechanics in place, we hope to compound this success with the addition of our U.S.-based offering in the coming years as well,” added Meadows.
MyTreasury is an award-winning multi-product, multi-bank, multi-currency cash investment portal designed to meet the trading needs of corporate treasurers. The Group offers a wide range of fully automated services including market discovery, secure trading, risk management and consolidated reporting. MyTreasury is part of ICAP, a leading markets operator and provider of post-trade risk mitigation and information services. For more information visit www.mytreasury.com.
The ICAP Group is a leading markets operator and provider of post trade risk mitigation and information services. Group companies provide services that match buyers and sellers in the wholesale markets in interest rates, credit, commodities, FX, emerging markets and equity derivatives through voice and electronic networks. Through our post trade risk and information services we help our customers manage and mitigate risks in their portfolios. For more information, please go to www.icap.com.
|Brigitte Trafford ||Director of Corporate Affairs ||+44 (0) 20 7050 7103 |
|Serra Balls ||ICAP Communications UK ||+44 (0) 20 7050 7124 |
|Guy Taylor ||ICAP Communications US ||+1 212 341 9759 |