GLOBAL - JPMorgan Fleming Asset Management has just launched its Global Cash Portal in Europe.
The Portal, which allows investors to trade and view JPMorgan Fleming money market accounts online, is already established in the US as a means of cash management.
The Portal offers a raft of services: online trading in JPMorgan money market funds real time, consolidated account viewing, proprietary market research and market insights, real-time FX rates, and intra day stock price graphs.
Peter Knight, head of institutional liquidity funds at JPMorgan Fleming expects investors increasingly to turn to the Internet as a means of managing their cash. He said: “Cash portals are new to the industry but we are still constantly looking to see how we can improve it and investors can expect to see plenty more functionality and enhancements in the future.”
Rival State Street Bank offers Money Market Connect and Fund Connect, part of its Global Link system. These give investors access to information about a whole range of money market vehicles.
“It’s not just State Street funds,” said Caroline Hutchings, vice president of investment strategy products.
“Clients can access different types of products and different fund providers. We have funds with standard 60 day maturity dates or vehicles that have longer maturity, different risk profiles, different currencies, a whole suite of different products. Clients can see all the details of a particular fund. For example, we update the yield information daily. The system also allows clients to integrate all their cash management actually carrying out the trades.”
Other sources of information about the performance of money market funds are iMoneynet, Morningstar and Lipper Analytical Services.
This week's edition of Professional Pensions is out now.
The government is in talks with the UK and Irish pensions regulators over how to protect members of cross-border schemes in the event of a no-deal Brexit.
The equalisation of guaranteed minimum pensions (GMPs) is at least two years away from being completed, and could take longer than four years for some schemes, a poll has found.
The Pensions Regulator will consider if schemes should be required to have professional trustees and assess the case for greater regulation of administrators and system providers, PP can reveal.