SEC to require money funds to disclose shadow NAVs
Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to a rule that the SEC adopted last week.
Money market funds will have to disclose on a delayed basis their fluctuating “shadow” net asset values rather than their $1-per-share value, thanks to a rule that the Securities and Exchange Commission adopted last week.
Under the rule, money market funds will be priced at the $
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