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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