One can measure the voltage using the DC setting on a DMM; in principle the AC setting would measure the ripple, but is limited by the frequency it can handle. Anyone compared the AC reading for a PC power supply to the oscilloscope to see how closely they match?
Never mind... found some specs for the Fluke 101, it is only good to 500 Hz for AC volts, even if it can measure frequency to 100 kHz
Apologies for wasting time.
Found a circuit good to 500 kHz, which should be enough for most switched mode power supplies
http://www.ti.com/lit/an/snoa690/snoa690.pdf