Citi Online Becomes Latest Portal to Add Offshore Money Market Funds. Money market trading platform
Citi Online Investments has added
25 offshore money market mutual funds from 9 different fund providers to its portal in Europe.
Mark Beard, Head of EAMA Liquidity and Cash Management Investments, says, "
Companies are looking to manage their cash in a comprehensive way, and our portal integrates the investment management process." Citi'
s
Andrew Plenderleith adds, "
Few portals directly integrate with an institutional client'
s cash management processes the way we have." Of the
15 online money fund trading portals tracked by
Crane Data,
over half now offer "offshore" money fund investment options. "
Offshore" money funds or "
liquidity" funds are domiciled in
Dublin or Luxembourg and most are
members of Institutional Money Market Funds Association.