"AFP Debuts Daily Institutional Money Market Funds Monitor" says a release and e-mail from the Association of Financial Professionals, a trade group for corporate treasurers. AFP writes, "The Association for Financial Professionals (AFP) introduced the Money Market Funds Monitor, a daily resource to help institutional investors make more informed decisions." Brian Kalish, AFP's Finance Practice Lead, comments, "Given all the attention money market funds have received over the past 2-plus years, AFP feels it is important to provide membership with an additional tool." The release adds, "The Money Market Funds Monitor, in partnership with iMoneyNet, is located at www.afponline.org/fundsmonitor. The money fund data provides corporate cash investors with critical information to make daily investment decisions. This data also will help users reduce risk and improve compliance and due-diligence reporting.... Money fund data for AFP members includes: Top 10-yielding Institutional money funds, Offshore and U.S. fund information, 1-, 7- and 30-day yields, WAMs, Prospectuses, Fund fact sheets, and Portfolio assets." Note that information is only available to AFP Members and that Crane Data has a competing product (at a much lower price than AFP membership), Crane Corporate. (Contact us for a sample of ours!) In other news, ICI released its latest "Money Market Mutual Fund Assets report, which shows "Total money market mutual fund assets decreased by $10.63 billion to $2.803 trillion for the week ended Wednesday, September 22."
