Constant net asset value: Difference between revisions
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A constant net asset value per share money market fund. A money market fund whose distributing shares maintain a ‘constant’ price of USD 1, EUR 1 or GBP 1 if the value of their underlying portfolio of money market instruments itself maintains a market price per share within 50 basis points of the constant price. | A constant net asset value per share money market fund. A money market fund whose distributing shares maintain a ‘constant’ price of USD 1, EUR 1 or GBP 1 if the value of their underlying portfolio of money market instruments itself maintains a market price per share within 50 basis points of the constant price. | ||
== See also == | == See also == | ||
Revision as of 14:37, 14 May 2014
(CNAV).
A constant net asset value per share money market fund. A money market fund whose distributing shares maintain a ‘constant’ price of USD 1, EUR 1 or GBP 1 if the value of their underlying portfolio of money market instruments itself maintains a market price per share within 50 basis points of the constant price.
