Constant net asset value: Difference between revisions
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imported>Doug Williamson (Layout.) |
imported>Doug Williamson (Update - source - Association of Corporate Treasurers - email from Naresh Aggarwal 16 Feb 2022.) |
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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. | ||
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* [[Constant]] | * [[Constant]] | ||
* [[Distributing]] | * [[Distributing]] | ||
* [[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?]] | ||
Revision as of 09:12, 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.
