FinancialWeek runs story on money fund portals in its most recent issue. The piece quotes treasurers from TDS and Darden Restaurants on the pros of portals, with color from Pete Crane and Mellon's Bill Daniels (subscription required).
Money fund assets will grow 9.1% next year, based on a survey of money fund and "cash" professionals conducted by Crane Data LLC, a money market and mutual fund information company. Findings from the "2007 Outlook" survey will be released Sunday at the opening of the Association of Financial Professionals (AFP) annual conference in Las Vegas, Nevada. They are also included in the October issue of Money Fund Intelligence, Crane Data's monthly newsletter.
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