Treasurers make their money work harder

Treasurers are naturally cautious investors, but in a time of low returns they are being pushed towards riskier opportunities.

A combination of low yields and regulatory pressures are forcing corporate treasurers to be more inventive about how they invest excess cash.

Bank balance sheets can no longer support it and, in any case, yields would be pitiful if they did.

Money market funds (MMFs) are one area that is attracting more attention, but opinion is split on whether they are more or less attractive after US reforms in late 2016.

State Street’s Money Market Funds survey in February showed that 27% of investors saw them as more attractive, 26% as less.

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