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Rating:J.P. Morgan and Fidelity Join a Money Fund Bandwagon. What About Vanguard? Not Rated 0.0 Email Routing List Email & Route  Print Print
Friday, January 11, 2013

J.P. Morgan and Fidelity Join a Money Fund Bandwagon. What About Vanguard?

News summary by MFWire's editors

After all that brouhaha against the idea, a surprising number of major asset managers are starting to embrace daily NAV reporting.

Reuters reports that J.P. Morgan [profile] will soon start publishing daily NAV values on its money market funds. Fidelity [profile] plans to do so as well.

InvestmentNews also reported on the move by Fidelity.

However, according to the Reuters story, Vanguard [profile] doesn't plan to do so.

This follows earlier announcements that Goldman [profile] and BlackRock [profile] will do the same.

Former SEC chair Mary Schapiro was thrashed politically due to her efforts to push for daily NAV values, among other reforms. Shortly thereafter she departed from the agency.

Apparently not everyone is happy with the movement. Reuters reports that Fidelity trustees have called the reform "perverse misprioritization." 

Edited by: Tommy Fernandez


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