Loading ...by Nick Corbishley • Jul 12
$30 trillion of assets globally are held by similar open-ended funds.
By Nick Corbishley, for WOLF STREET:
The Bank of England warned on Thursday that “financial stability risks are increasing” from giant open-ended funds, which are estimated to hold some $30 trillion in assets globally. These funds are vast sources of financing for the real economy but can pose a systemic risk since the money often goes into assets that are hard to sell quickly, the central bank said in its latest Financial Stability Report.