Insight

COVID-19 and money market liquidity

Challenges, drivers, and the road forward

Adam Hirsh

Adam Hirsh

Managing Director, Advisory, Financial Services Solutions, KPMG US

+1 973-912-4872

Sean McKee

Sean McKee

Partner, Audit, KPMG US

+1 609-947-2529

Matt Giordano

Matt Giordano

Partner, Audit, KPMG US

+1 617-988-6327

James Penman

James Penman

Director Advisory, Financial Services Solutions, KPMG US

+1 203-940-2256

Uncertainties around COVID-19 pushed the global equity markets into a tailspin during March. Money market funds, typically a safe haven for investors, took a significant hit as well.

To gain a better perspective on March’s market turmoil and the challenges associated with working in the COVID-19 new reality, KPMG LLP recently interviewed a number of money market fund managers from leading fund companies. Our interviews showed that no fund company fully anticipated the market volatility—the worst since the 2008 financial crisis. But some were better prepared than others.

Download a new KPMG paper, ‘COVID-19 and money market liquidity: Challenges, drivers, and the road forward,’ to learn more.

COVID-19 and money market liquidity
Challenges, drivers, and the road forward