Spanish mutual funds has a high degree of liquidity, says the CNMV after analyzing the mutual funds in a statistical exercise that puts these in a potential scenario of “large-scale shock” and with a “very low probability of occurrence” to see what could happen in the event of participants requesting massive redemptions for a crisis such as the Covid19 one . The exercise shows that only eight Spanish mutual funds could present problems. The total number of existing mutual funds is 2,700 according to the latest report by Pablo Fernandez (IESE).