Covid-19 prompts transactions surge across Calastone network

Report reviews global fund flows

The Covid-19 pandemic has caused a considerable surge in fund transaction volumes all over the world, according to funds network Calastone.

In a new report looking at fund flows across its network, Calastone said that between January and July, it processed $743bn of fund transactions, up by one-third compared to the $548bn in the first seven months of 2019. "Sharply higher transaction volumes are the consequence of the upheaval caused by the pandemic - investors scrambled to make sense of events and looked to reposition their holdings accordingly," the report said. "The picture is remarkably consistent around the world. In many of the markets where we have a larger presence, such as the UK, Ireland, Luxembourg, Switzerlan...