Cash managers need to be proactive to preserve principal and earn yield, especially with policy interest rates so low. We explain strategies and investment vehicles that seek greater return while managing risk and liquidity.
As financial markets tumbled at the onset of the pandemic, fear and a precipitous decline in economic activity unleashed a dash for cash. Consideration needs to be given, ensuring money market funds continue to play their role.
From protests to forest fires, from a pandemic to economic disruptions, 2020 forced meaningful changes in the way companies, and treasuries in particular, work. In the face of all of this, cash remained remarkably strong. Looking ahead to 2021, we expect underlying factors — low interest rates, a continuing transition toward ESG, shifting policy frameworks and the shift away from LIBOR — to continue to shape the global cash market well into the new year.
You should obtain and read a Key Investor Information Document and Prospectus relating to the SSGA Cash funds prior to investing. Further information, including the annual and semi-annual reports and the Key Investor Information Document and Prospectus describing the characteristics, charges, expenses and risks involved in your investments are available for residents of countries where SSGA cash funds are authorized for sale, at www.ssga.com/cash and from your local SSGA office or by calling +44 (0)20 3395 2333.
Investing involves risk including the risk of loss of principal. It is possible to lose money by investing in the funds.
Before investing, carefully consider a fund's investment objectives, risks, charges and expenses. Click the link to obtain a prospectus which contains this and other information, or by calling +44 (0)20 3395 2333, please read it carefully before investing.