Bloomberg writes "​JPMorgan Joins Goldman in Giving Daily Money Fund Values". It says, "BlackRock Inc., the world'​s biggest money manager, will begin revealing daily net asset values for all its U.​S. money funds on Jan. 16. Goldman Sachs Group Inc. began today to disclose the values for its funds that are eligible to purchase commercial paper, or prime funds. JPMorgan Chase & Co. plans to take that step for all money funds, starting with prime funds on Jan. 14, and Bank of New York Mellon Corp. will make daily market values available '​going forward.'" The piece quotes our Peter Crane, president of research firm Crane Data LLC, "The prime goal here is to diffuse the misperception that'​s been created by regulators that fund share prices are an accounting fiction. It'​s a pretty good bet the daily values will show that market-​value NAVs don'​t float." The piece adds, "Crane said he doubted the practical value of disclosing the market values." "The shadow NAVs don'​t differ materially from the rounded NAVs unless something blows up, in which case you don'​t see it until after it happens," Crane said.

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