After all that brouhaha against the idea, a surprising number of major asset managers are starting to embrace daily NAV reporting.
reports that J.P. Morgan
] will soon start publishing daily NAV values on its money market funds. Fidelity
] plans to do so as well.
InvestmentNews also reported
on the move by Fidelity.
However, according to the Reuters
] doesn't plan to do so.
This follows earlier announcements
] and BlackRock
] 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."
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