During the COVID-19 lockdown prime money market funds suffered huge outflows. Conversely, in quarter two MMFs attracted EUR 136 billion in net new money - the largest inflow ever observed on a quarterly basis.
Over the same period Calastone's independent research revealed MMF investors want to optimise returns by finding yield and cutting investment process costs. In fact, many feel they are being held back by investment process complexity and the many frictions within it.
During this webinar, Simon Keefe, Global Head of Product at Calastone used our latest research to highlight where MMF investors want the industry to modernise - automate and digitise – and serve them better.