Constant net asset value: Difference between revisions
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imported>Doug Williamson (Replace out of date quote with updated reforms.) |
imported>Doug Williamson (Expand for SNAV.) |
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(CNAV). | (CNAV). | ||
A | A form of money market fund whose distributing shares maintain a ‘constant’ price through the application of amortised cost accounting, rather than marking to market the value of the investments held in its portfolio. | ||
Money Market Fund (MMF) reforms in 2019 replaced ''prime'' constant net asset value (CNAV) funds with two new categories: | |||
Money Market Fund (MMF) reforms in 2019 replaced | |||
: - the Public Debt CNAV fund, and | : - the Public Debt CNAV fund, and | ||
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: - the low-volatility NAV (LNAV) fund. | : - the low-volatility NAV (LNAV) fund. | ||
Also known as ''stable net asset value'' (SNAV) funds. | |||
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* [[Accumulating net asset value]] | * [[Accumulating net asset value]] | ||
* [[Amortised cost]] | * [[Amortised cost]] | ||
* [[Constant]] | |||
* [[Distributing]] | * [[Distributing]] | ||
* [[Low-volatility NAV]] | |||
* [[Mark to market]] | |||
* [[Money market fund]] | * [[Money market fund]] | ||
* [[Money market fund reform: a light at the end of the tunnel?]] | * [[Money market fund reform: a light at the end of the tunnel?]] | ||
| Line 25: | Line 28: | ||
* [[Prime]] | * [[Prime]] | ||
* [[Public Debt CNAV]] | * [[Public Debt CNAV]] | ||
* [[Variable]] | |||
* [[Variable net asset value]] | * [[Variable net asset value]] | ||
* [[Volatility]] | * [[Volatility]] | ||
Latest revision as of 15:39, 16 February 2022
Money market funds.
(CNAV).
A form of money market fund whose distributing shares maintain a ‘constant’ price through the application of amortised cost accounting, rather than marking to market the value of the investments held in its portfolio.
Money Market Fund (MMF) reforms in 2019 replaced prime constant net asset value (CNAV) funds with two new categories:
- - the Public Debt CNAV fund, and
- - the low-volatility NAV (LNAV) fund.
Also known as stable net asset value (SNAV) funds.
