A study on cash management by SunGard has
revealed that more and more corporate treasurers are considering
money market funds (MMFs) as a growing area of importance for their
daily business.

The study considered corporate cash investment
policies and transaction methodologies, attitudes toward risk and
return, preferred cash investment instruments, and potential shifts
in investment decisions in the future.

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SunGard said that a more complex cash
management market had led treasurers to finetune their focus on
defining and delivering the best investment policies.

The key findings were:

  • 48% of respondents consider MMFs the best investment type;
  • 67% think bank deposits are the best investment (60% said this
    will continue to be an important strategy);
  • 37% of MMFs users access these online.

SunGard surveyed 215 treasurers and cash managers, half of which
were from North America. Europe accounted for 24% of all
respondents, Asia for 12%. About two-thirds of those surveyed were
employed by multi-national corporates with annual turnover of
$1bn+.

Bob Ward, chief operating officer of SunGard’s
wealth management business, said:

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“Market liquidity constraints and the need to
gain transparency around counterparty, sovereign and liquidity
risks are driving demand for automated solutions.

The capabilities of online MMF portals, such
as the SGN Short-Term Cash Management portal [a global, multi-fund
trading platform to research, analyse and gather relevant
information on short-term investment strategies] have developed
considerably in recent years, providing not only transactions
capabilities, but also visibility over fund metrics and asset
allocation, as well as risk analysis.”