MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
|
|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, February 1, 2011 Large Money Funds Beat $1 Shadow NAV 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. Crane Data 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. Printed from: MFWire.com/story.asp?s=35893 Copyright 2011, InvestmentWires, Inc. All Rights Reserved |