BNY Mellon Working to Resume Fund Pricing Due to SunGard Issue
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Bank of New York Mellon Corp., a custody bank, is still working to provide closing prices for certain mutual funds and exchange-traded funds after a technology used to generate net asset values broke down on Monday.
The technology, provided by SunGard Data Systems Inc., started working again late Tuesday with limited capacity and is catching up, said BNY, which provides fund accounting to mutual fund and ETF providers.