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Monday, January 31, 2011

Shadow NAVs Arrive

News summary by MFWire's editors

Fundsters interested in the money market side of the mutual fund business may want to take a look at Bloomberg. Christopher Condon reports that the SEC will start reporting money funds' 60-day-old shadow net asset values this week. So how will investors react to seeing NAVs that vary from $0.995 to $1.0049?

Bloomberg cites iMoneyNet managing editor Michael Krasner, Crane Data president Peter Crane and Vanguard chief investment officer Gus Sauter for the article. 

Edited by: Neil Anderson, Managing Editor


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