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