Regulators across Europe demand that asset managers provide reams of new information about their ability to meet redemption orders after investors found the exit door unexpectedly slammed shut by mutual funds sold over the past 12 months, reports the Financial Times.
"Coronavirus-driven market stress will force a fundamental investor reappraisal of the liquidity that mutual funds can truly provide, particularly when they are invested in less liquid asset classes," Alastair Sewell, a senior director at Fitch Ratings, told the newspaper.
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