Constant net asset value: Difference between revisions
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imported>Doug Williamson (Linked to The Treasurers Handbook - Money market fund reform: a light at the end of the tunnel?) |
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A constant net asset value per share money market fund. | A constant net asset value per share money market fund. | ||
Revision as of 15:15, 4 December 2015
(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.
