# Institutional cash management is shifting from operational efficiency to strategy.

*fintech · news · 2026-04-15 · Funds Europe*

## Key points

- Institutional investors are increasingly considering public debt CNAV money market funds for liquidity management.
- Public debt CNAV funds avoid financial and corporate issuers, focusing on sovereign, agency, and supranational securities.
- Compared to bank deposits, CNAV funds diversify counterparty risk and provide high daily liquidity.
- Rising interest rates have made liquidity assets like public debt CNAV funds strategically important again.
- BNP Paribas urges investors to assess funds based on risk management, governance, and disclosure practices.

**Companies:** BNP Paribas Asset Management
**Countries:** France, Europe

[Read the full story on Funds Europe](https://funds-europe.com/public-debt-funds-gain-traction-for-institutional-cash/)

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