As of February 2008, net assets in US mutual funds were $11.742 trillion (USD). The size of this market makes the technology that tracks the ownership of fund shares critical. This Research Note presents TowerGroup's assessment of core recordkeeping technology for US open-end mutual funds. Vendors offer various peripheral products, which offer business process management tools, shareholder account access, intermediary account access, and sales reporting capabilities. Therefore, this Note also highlights the strategies the vendors are pursuing to strengthen their support of the servicing relationship between fund companies and intermediaries.
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