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 |
|
Friday, January 11, 2013 J.P. Morgan and Fidelity Join a Money Fund Bandwagon. What About Vanguard? 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." Printed from: MFWire.com/story.asp?s=42650 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |