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European Money Market Fund Reform

European Money Market Fund Reform


New rules for Money Market Funds in Europe will apply from January 2019. HSBC has been actively keeping clients informed of the details of the new rules, and the changes they mean for our funds in Europe.

A key part of the new rules is the creation of a "Low Volatility" Net Asset Value (LVNAV) fund, which we believe will be welcomed by most investors, in part due to the features which are similar to existing Constant Net Asset Value (CNAV) prime funds that many investors use today. On 16th January 2019, HSBC Global Liquidity Funds plc expects to transition its full spectrum of CNAV Prime Funds denominated in USD, EUR, GBP, CAD and AUD to the new LVNAV Prime Funds. The HSBC US Treasury Liquidity Fund will remain CNAV as a Public Debt Fund.

HSBC continually provides thought leadership insights and engages with clients, industry bodies, regulators and governments across the globe on the reforms. This page continues that commitment to our clients, and includes links to useful information for investors on the new rules and HSBC's transition plans.

Webinar


Webinar

Watch our webinar on European Money Market Fund Reform, presented by Jonathan Curry, Global CIO Liquidity

Watch here