Offering investors daily liquidity should not be a “mantra” and asset managers should take a more balanced, flexible approach to funds, according to the chief executive of Natixis Investment Managers.

“I just do not understand anymore why we continue to make daily liquidity in collective investment vehicles, in mutual funds, call it the way you want, a mantra,” said Jean Raby, speaking on a panel at a conference organised by the European Fund and Asset Management Association on 12 November.