Constant net asset value: Difference between revisions
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imported>Doug Williamson (Amend to align with ACT CertICM Chapter 12, p12.29, October 2014 course, and IMMFA Insights 2013 http://www.immfa.org/assets/files/publications/IMMFA%20Insights%20-%20Comparing%20CNAV%20and%20VNAV%20funds%202013%20Update.pdf.) |
imported>Doug Williamson (Linked to The Treasurers Handbook - Money market fund reform: a light at the end of the tunnel?) |
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* [[Money market fund]] | * [[Money market fund]] | ||
* [[Variable net asset value]] | * [[Variable net asset value]] | ||
* [[Money market fund reform: a light at the end of the tunnel?]] | |||
Revision as of 11:33, 1 December 2014
(CNAV).
A constant net asset value per share money market fund.
A money market fund which aims to maintain its distributing shares at a ‘constant’ value of for example USD 1, EUR 1 or GBP 1, by using an amortised cost basis of accounting for the value of its underlying portfolio of money market instruments.
