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.
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.
Neil Anderson, Managing Editor
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