Dear all,
We are all going through difficult times. Everyone is mobilized against the scourge that is COVID-19.
The human impact of the COVID-19 pandemic in terms of public health has no precedents amid the peaceful climate of recent times. The economic impact of this crisis is likely to exert yet-unseen levels of pressure, as actors attempt to tackle shrinking GDP, stagnant market activity and mass unemployment.
Governments and competent authorities of a large majority of jurisdictions have recently taken and continue to take a lot of measures to assist all economic players in mitigating the impacts of the emergency situation, including the management companies. The number of measures taken and to be taken is already huge, and likely to grow further.
The Board of FundGlobam, together with the Executive Committee, have decided to do our best to assist in whichever areas we can. We have therefore decided to set up a specific monitoring to track this huge volume of measures and regulatory changes within our scope, i.e. more than 80 countries.
To this end, we have extended the scope of our Monthly Market Monitoring (« MMM »), which continues to be distributed as usual on a monthly basis, reporting any changes and/or relevant information regarding the cross-border distribution of investment funds.
This new specific monitoring is called “C19MM”, for « COVID-19 Market Monitoring ». The C19MM will be made available on a daily basis from Monday, the 6th of April.
The C19MM will be carried out for as long as necessary.
FundGlobam will be happy to assist you should you require any further information.