BNY Mellon has launched a Transparency Report feature available through Liquidity DIRECT, its cash investment portal for institutional investors.
The new Transparency Report details an institutional investor’s exposure to specific securities across all of the money market funds and accounts in which they have invested through Liquidity DIRECT.
By enabling institutional investors to view their exposure to not just funds, but also to the specific securities held by the funds, Liquidity DIRECT’s new Transparency Report can enable investors to make better informed investment decisions, BNY Mellon said in a statement.
“By providing increased transparency, this innovative addition to Liquidity DIRECT will help investors improve investment diversification and risk management,” says Jonathan Spirgel, executive vice president and global head of liquidity services at BNY Mellon. “The new Transparency Report reflects our commitment to helping our clients succeed in a challenging investment environment.”
Among the asset managers not affiliated with BNY Mellon currently participating in Liquidity DIRECT’s new Transparency Report are Federated Investors Funds, Fidelity Institutional Funds, Goldman Sachs Asset Management, Invesco Funds, J.P. Morgan Asset Management, Morgan Stanley Institutional Funds, Wells Fargo Advantage Funds and Western Asset Liquidity Funds. Liquidity DIRECT plans to add Dreyfus Funds and BlackRock to the Transparency Report by the end of this year.