The SunGard Global Network (SGN) has surpassed $400 billion in total fund assets, including mutual funds and money market funds*. SGN Funds is an automated trade-routing solution connecting investors to fund families. SGN Short-Term Cash Management portal is a global compliance, trading and research solution for institutional cash investors.
Total fund assets traded through SGN has increased by 50% since 2009. According to the Investment Company Institute’s 2012 Investment Company Fact Book, total net assets held in mutual funds from 2009 to 2011 increased by 4.3%.**
The number of fund investments and the variety of fund choices continue to grow worldwide as financial advisors react to shifts in demographics and retirement savings, trust companies seek greater operational efficiency as well as choice and flexibility to meet client needs and objectives, and corporations pursue greater liquidity and transparency in short-term investments. The growing retirement population, the transition of defined benefit to defined contribution plans, and the move to open architecture and outsourcing to third parties are driving increased variety and complexity of investments available and more complicated portfolios.
Bob Ward, chief operating officer of SunGard’s wealth management business, said, “The growing fund activity SunGard is seeing through its SGN solutions points directly to the increasing importance of mutual funds and money market funds in fueling individual retirement savings, advisor service offerings and investment strategies of corporate treasurers. This trend is also a testament to the expanding adoption of automated solutions that help companies connect to other market participants, access a greater variety of products, and streamline operations. In addition, as a result of the need for better transparency and oversight, customers are looking to consolidate trade flow through one partner.”
Launched in 1996, SGN Funds provides customers with access to global mutual funds, UCITS and exchange traded funds, facilitating straight-through processing between fund companies and a variety of bank, brokerage and retirement recordkeeping and accounting systems. Launched in 2002, the SGN Short-Term Cash Management portal is a global, multi-fund trading platform that helps corporate treasurers increase efficiency in researching, analyzing and gathering relevant information to help optimize short-term investments.
** Investment Company Institute (ICI), 2012 Investment Company Fact Book, Figure 1.1: Investment Company Total Net Assets by Type, Mutual Funds, page 9.