MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Monday, July 22, 2002 ReFlow Gets SEC Approval ReFlow has received approval from the SEC. The firm, which has a relationship with Forward Funds, contends that it is has developed a way for mutual fund managers to address the daily liquidity needs that arise from shareholder redemptions. "We believe this product provides mutual funds and their shareholders with the best possible response to net redemptions," stated J. Alan Reid, president at the firm. "Currently, fund managers will sell securities or draw on their cash reserves to meet their liquidity needs. ReFlow allows the fund managers to cover the net redemption without disturbing assets or drawing on cash reserves. As a result, transaction costs and taxable events are reduced and the fund may experience improved performance." The MutualFundWire.com first reported on this offering in May, but executives at the firm could not comment at the time as they were awaiting that SEC approval for the service. To visit the firm's site, follow this link. Printed from: MFWire.com/story.asp?s=3149 Copyright 2002, InvestmentWires, Inc. All Rights Reserved |