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Rating:Large Money Funds Beat $1 Shadow NAV Not Rated 0.0 Email Routing List Email & Route  Print Print
Tuesday, February 01, 2011

Large Money Funds Beat $1 Shadow NAV

News summary by MFWire's editors

Yesterday money market mutual funds had to start reporting 60-day-old shadow NAVs to the SEC. Reuters' Ross Kerber and Sarah Lynch report that nearly all of the large money funds (i.e. 206 of the 236) boasted shadow NAVs of $1 or more, an outcome which should be reassuring to money fund users.

Crane Data chief Peter Crane told Reuters that it seems likely that some fund firms pumped extra money in just to keep their money funds' shadow NAVs at or above $1. 

Edited by: Neil Anderson, Managing Editor


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