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, June 18, 2013 J.P. Morgan to Disclose Money Fund Liquidity Today J.P. Morgan has announced it will disclose daily and weekly money market fund liquidity online. Starting June 18, it will disclose levels of daily and weekly liquid assets each business day as of the prior business day, WSJ reported. The decision comes at a time when the S.E.C. approved two proposals regarding money market funds. One rule would require prime institutional funds would be required to to have NAVs that changed according to the market that day and the other rule would restrict redemptions and charge withdrawal fees for all funds. The two proposals may be combined. Vanguard founder John Bogle recently commented on floating NAVs at the 2013 Morningstar Investment Conference. Printed from: MFWire.com/story.asp?s=44356 Copyright 2013, InvestmentWires, Inc. All Rights Reserved |