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Reset and Refocus Cash Management in a Post-Pandemic Landscape



Who we spoke to..



Time to Get Proactive


1. Seven-in-ten Organisations Increased Allocations to Cash in Response to Covid-19
2. Liquidity has been Prioritised, but the Pain of Low Rates has Intensified
3. A Majority Expects ESG to be Mainstream in Cash Investing within Three Years

Cash Investing at a Time of Crisis


Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: To what extent do you think your cash investments are currently optimized for the following outcomes? (% scoring 4–5 on 1–5 scale of optimization)

Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: To what extent will the following factors make you take a more active approach to how your cash investments are allocated? Based on a scale 0–10, 0 being not interested at all — would not make us adopt a more active and 10 being very significant extent — would definitely make us adopt a more active. The above depicts percentage of respondents that responded 8–10 on the overall scale.


Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: Over what timeframe do you expect to unwind your organization’s increased allocations to cash made during the initial response to Covid-19?

Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: What will be the motivations for changing the way your organization manages its cash allocations over the next 12 months?



ESG Edges Into the Mainstream


Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: What are the primary motivations for your organization to apply ESG factors to its cash investments? (% ranking in top three)

Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: How important is ESG to your firm’s money market investment strategy? Based on a scale 0–10, 0 not important and 10 extremely important. The above depicts percentage of respondents that responded 8–10 on the overall scale


Source: State Street Global Advisors Reset and Refocus 2020 survey of 300 cash managers between 20 August 2020 and 11 September 2020. Q: What would be your primary concerns in integrating ESG into your cash investments? (% ranking in top three)


What’s Next?


Balance Liquidity Demands While Mitigating the Impact of Negative Returns
Get to Grips with ESG Approaches in Cash

About State Street Global Advisors


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