Constant net asset value: Difference between revisions
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(CNAV). | (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. | ||
A constant net asset value per share money market fund. | |||
A money market fund | |||
== See also == | == See also == | ||
* [[ | * [[Basis point]] | ||
* [[Money management]] | * [[Money management]] | ||
* [[Money market fund]] | * [[Money market fund]] | ||
Revision as of 18:37, 4 December 2015
(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.
