Discussion Paper

New Insights from N-CEN: Liquidity Management at Open-End Funds and Primary Market Concentration of ETFs


Abstract: Structural vulnerabilities associated with open-end funds have received increasing attention among academics and regulators over the past few years. Despite the effort by policymakers to enhance the liquidity risk management practices at these funds, evaluating the availability, use and effectiveness of liquidity management tools continues to be a challenging task in assessing vulnerabilities in open-end funds, largely because comprehensive data on open-end funds' access to liquidity management tools remain scarce.

https://doi.org/10.17016/2380-7172.3226

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Bibliographic Information

Provider: Board of Governors of the Federal Reserve System (U.S.)

Part of Series: FEDS Notes

Publication Date: 2023-01-11

Number: 2023-01-11