Northern Trust Asset Management helps liquidity investors preserve capital, achieve yield, maintain liquidity and manage risk. In EMEA we offer a broad range of solutions from AAA rated Money Market Funds to Cash Segmentation portfolios, uniquely tailored to investor cash flow requirements.


A GLOBAL LEADER IN LIQUIDITY SOLUTIONS

$263.8B40+
LIQUIDITY ASSETS
UNDER MANAGEMENT*
YEARS MANAGING GLOBAL
LIQUIDITY SOLUTIONS

*As of September 30, 2022. Source: NTAM Finance.

Short-term Investments: What’s Hot? What’s Not?

In this timely guide, written by TMI in partnership with Northern Trust Asset Management, we explore current trends in short-term investing.

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Liquidity Link Newsletter

Latest News & Insights Across Global Liquidity Markets

Northern Trust Asset Management welcomes you to the full Liquidity Link Newsletter, our monthly publication offering timely updates on the UK, Eurozone and US markets – along with the latest:

– Videos
– Webinars
– Thought leadership (including blogs, articles and case studies)

An Inconvenient Truth: SEC MMF Proposals Disappoint as Treasurers Not Compensated for the Risks They Take

Peter Yi, NTAM, met with TMI for a wide-ranging Q&A, exploring the impacts new MMF regulatory proposals may have on both issuers and treasurers, what other options the SEC should…

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More Market Insights

2023 Market Outlook

Download Northern Trust Asset Management’s 2023 investment outlook for insights on how to best position your portfolio for success in the year ahead.

Why the Window for an Economic Soft Landing Has Narrowed

Central banks are acknowledging that aggressive rate hikes may lead to recession, slimming the hopes of an economic “soft landing” where growth slows but recession is avoided.

Global Bond Market Update: A Delicate Balance

Investors tried to strike a balance between higher rates and the rising risk of recession, which combined to spark volatility in the third quarter.

Investors Looking for Interest Rate Peak

More inflation surprises and the UK market crisis show how changes to the interest rate outlook can quickly move markets.

Why the ECB May Be Going Too Far

With European consumers already struggling with high energy bills, higher interest rates sparked by the European Central Bank may weigh too heavily on the economy.

How to Make Cash Work Harder Against Inflation

A cash segmentation approach that aims to increase yield with modest extra risk

What Jackson Hole Comments Mean for Investors

Powell’s comments rattled investors as hopes of near-term ‘Fed pivot’ prove misplaced

Global Bond Market Update: Nowhere to Hide with Inflation, Rate Hikes

Following losses across the market, we believe interest rate volatility likely will persist, especially with shorter term bonds.

Evaluating the Increasing Threat of US Recession

Central banks have been working to slow demand, which we think increases the chance of mild recession.

Municipal Bonds: 2023 US States Outlook

Revenue above expectations, pandemic federal aid and reserves have strengthened states’ financial outlook. But states will need to prepare as pandemic aid winds down and the economy slows.

The Fed’s Flirtation with Recession

The Federal Reserve has found itself in a potential race to increase rates before a recession hits. Director of Short Duration Fixed Income Peter Yi, CFA, examines what this means for the bond market.

The Fed’s Trillion Dollar Recession Question

The Fed’s big rate hike last week triggers the question of whether the Fed’s inflation fight will cause a recession.

Stumbling Stocks Prompt New Questions for Investors

Inflation, an aggressive Fed and lockdowns in China are nothing new. But they’ve sparked new questions for investors.

Investment Strategy Commentary: Yield Curve Inversions

The yield curve inverting has cast a cloud over investors – but does the immediate forecast hold rain?

Investment Perspective: Rate Angst

Rising rates badly burned the bond market – and wartime, Covid and inflationary pressures mean plenty of salt to add to the wound.

Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Exclusive insight for TMI subscribers! Northern Trust Asset Management share a monthly market commentary for treasurers.

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Articles

Cash & Liquidity Management
Reasons to Be Cheerful: Treasury Short-Term Investments in 2023

This year has thrown severe challenges and a few opportunities at corporate treasurers and their short-term investment portfolios. Regulatory and market changes are two vital areas to pay attention to in 2023.

Cash & Liquidity Management
Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Exclusive insight for TMI subscribers! Northern Trust Asset Management share a monthly market commentary for treasurers.

Cash & Liquidity Management
UK Autumn Statement Restores Confidence in Sterling

Exclusive insight for TMI subscribers! Northern Trust Asset Management share a monthly market commentary for treasurers.

Cash & Liquidity Management
ECB’s Targeted TLTRO Tweaks Set to Drain Excess Market Liquidity

Exclusive insight for TMI subscribers! Northern Trust Asset Management share a monthly market commentary for treasurers.

Cash & Liquidity Management
UK Gilts Send Markets Spiralling Following Truss Financial Package Announcement

Exclusive insight for TMI subscribers! Northern Trust Asset Management share a monthly market commentary for treasurers.

Cash & Liquidity Management
Key Takeaways: A Treasurer’s Checklist

These checklists distil short-term investment insights into critical action points and key learnings for every treasury team.

Cash & Liquidity Management
Ready to Trust: Are Crypto Assets Right for Treasury?

For those who believe crypto assets are too volatile and cannot be used by treasury, it’s worth knowing that
they are not all the same.

Cash & Liquidity Management
Time to Dump the Swivel-Chair: Embracing New Technology

The adoption and roll-out of innovative technologies in treasury operations is not universal, with many treasurers still functioning with legacy tools, including spreadsheets. While the deployment of technology should…

Cash & Liquidity Management
Short-term Markets Tackling the Long-term Issue of ESG

ESG covers a wide range of issues encompassing the notion that a business has a social responsibility to look after people and the planet.

The combination of these social elements and, increasingly, regulatory…

Cash & Liquidity Management
Regulatory Change and Unintended Consequences

The MMF industries in the US and Europe are highly regulated, particularly following the global financial crisis of 2008. The funds have required liquidity levels, and investors can face additional costs and fees if…

Podcasts

Cash & Liquidity Management
Relative Normality On Horizon — But Divergent Monetary Policy Pathways Likely

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

Cash & Liquidity Management
UK Autumn Statement Restores Confidence in Sterling

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

Cash & Liquidity Management
What’s on the Horizon for Short-term Investments?

Daniel Farrell (Northern Trust Asset Management) and Karl Adams (ICD) consider how the latest MMF reform proposals affect short-term investments.

Cash & Liquidity Management
ECB’s Targeted TLTRO Tweaks Set to Drain Excess Market Liquidity

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

Cash & Liquidity Management
UK Gilts Send Markets Spiralling Following Truss Financial Package Announcement

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management.

Cash & Liquidity Management
ECB, Fed and BoE Hawks Ponder Higher Rate Hikes

Welcome to the latest edition of Liquidity Link Live, your exclusive market analysis provided by Northern Trust Asset Management, one of the world’s largest cash managers. Tune in each month to discover the very latest insights on the UK, Eurozone and US markets. This edition was recorded on the 7th…

Watch Webinar Replays

Cash & Liquidity Management
How Treasurers Can Navigate Cash Markets in 2022

In partnership with Northern Trust Asset Management This video is a recording of a live event that took place on Thursday 2nd December 2021 Treasurers have struggled this year through low or even negative returns while facing concerns over rising inflation. Will 2022 be any different?

Cash & Liquidity Management
A Cash Segmentation Treasury Masterclass

In partnership with Northern Trust Asset Management This video is a recording of a live event that took place on Tuesday 6 July 2021. With the ongoing low interest-rate environment and increasing regulatory change, it’s more important than ever for treasurers to think outside of the box when it comes to cash.

For Europe and Asia-Pacific markets, this information is directed to institutional, professional and wholesale clients or investors only and should not be relied upon by retail clients or investors. The information is not intended for distribution or use by any person in any jurisdiction where such distribution would be contrary to local law or regulation. Northern Trust and its affiliates may have positions in and may effect transactions in the markets, contracts and related investments different than described in this information. This information is obtained from sources believed to be reliable, and its accuracy and completeness are not guaranteed. Information does not constitute a recommendation of any investment strategy, is not intended as investment advice and does not take into account all the circumstances of each investor. Opinions and forecasts discussed are those of the author, do not necessarily reflect the views of Northern Trust and are subject to change without notice.

This report is provided for informational purposes only and is not intended to be, and should not be construed as, an offer, solicitation or recommendation with respect to any transaction and should not be treated as legal advice, investment advice or tax advice. Recipients should not rely upon this information as a substitute for obtaining specific legal or tax advice from their own professional legal or tax advisors. References to specific securities and their issuers are for illustrative purposes only and are not intended and should not be interpreted as recommendations to purchase or sell such securities. Indices and trademarks are the property of their respective owners. Information is subject to change based on market or other conditions.

Forward-looking statements and assumptions are Northern Trust’s current estimates or expectations of future events or future results based upon proprietary research and should not be construed as an estimate or promise of results that a portfolio may achieve. Actual results could differ materially from the results indicated by this information.

The Northern Trust Company of Hong Kong Limited (TNTCHK) is regulated by the Hong Kong Securities and Futures Commission. In Australia, TNTCHK is exempt from the requirement to hold an Australian Financial Services Licence under the Corporations Act. TNTCHK is authorized and regulated by the SFC under Hong Kong laws, which differ from Australian laws. In Singapore, The Northern Trust Company of Hong Kong Limited (TNTCHK), Northern Trust Global Investments Limited (NTGIL), and Northern Trust Investments, Inc. are exempt from the requirement to hold a Financial Adviser’s Licence under the Financial Advisers Act and a Capital Markets Services Licence under the Securities and Futures Act with respect to the provision of certain financial advisory services and fund management activities.

Northern Trust Asset Management (NTAM) is composed of Northern Trust Investments, Inc. (NTI), Northern Trust Global Investments Limited (NTGIL), Northern Trust Fund Managers (Ireland) Limited (NTFMIL), Northern Trust Global Investments Japan, K.K. (NTKK), NT Global Advisors, Inc., 50 South Capital Advisors, LLC, Belvedere Advisors LLC, Northern Trust Asset Management Australia Pty Ltd and investment personnel of The Northern Trust Company of Hong Kong Limited (TNTCHK) and The Northern Trust Company (TNTC). ).© 2022 Northern Trust Corporation. Head Office: 50 South La Salle Street, Chicago, Illinois 60603 U.S.A.