NAV (Net Asset Value)

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.

Proposed MMF changes currently being debated at European Commission level endanger the utility of one of the most popular forms of MMF used by corporate investors across the continent.

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

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 their movement of cash out of a fund has a...

MMF Reform Proposals Threaten LVNAV Viability for European Treasurers While treasurers might not feel the impact of MMF reforms in Europe for years, the proposed changes currently being debated at European Commission level endanger the utility of one of the most...

Daniel Farrell (Northern Trust Asset Management) and James Douglas (Rabobank) consider how market trends may evolve in the year ahead and what this could signal for treasurers.

Money market funds are once again in the cross hairs of regulators in the US and Europe following a brief liquidity crunch in March 2020. Sebastian Ramos, Executive Vice President, Global Trading and Products, ICD, discusses the risks that over-zealous reforms could...

Cash Investment Management With a subscription revenue model helping to enhance its cash flow forecasting, Spotify is able to manage a diversified investment portfolio through its treasury team and external asset management. Niklas Muhrbeck, Head of Financial Market...

Yield has been an issue for the short-term cash investments of treasurers, as poor rates and tightening regulation have dramatically lowered the performance ceiling of traditional investment instruments. A recent TMI and Northern Trust Asset Management webinar...

The money markets play a key part in the short-term investment programmes of treasurers. Reforms have helped them ride out the worst of recent events. But money markets could be better still, says one leading participant – and treasurers can help shape their...

Global regulatory bodies have confirmed that a review of money market fund (MMF) regulation is underway – and there could be changes. Regulatory change could be material to the sector. However, at Fitch Ratings we don’t expect changes to be imminent: the last set...