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Rating:The Floating NAV Ball Keeps a-Rolling Not Rated 0.0 Email Routing List Email & Route  Print Print
Thursday, January 24, 2013

The Floating NAV Ball Keeps a-Rolling

News summary by MFWire's editors

It seems like peer pressure is doing more to change money market mutual funds than the SEC managed to do.

Despite Mary Schapiro's failure to pass reforms last summer, more and more firms are starting to publish a daily fluctuating NAV. The latest, according to the Boston Globe, is State Street Global Advisors [profile].

The Boston-firm joins Fidelity [profile], Goldman Sachs [profile], BlackRock [profile], JP Morgan [profile, and Reich & Tang [profile].

“As one of the largest providers of cash management solutions, SSgA actively supports steps to increase transparency in the money market fund industry,” SSgA said in a statement, according to the Globe.

Check out the original article here

Edited by: Ben Geier


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