Constant net asset value: Difference between revisions
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imported>Doug Williamson (Replace out of date quote with updated reforms.) |
imported>Doug Williamson (Layout.) |
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Money Market Fund (MMF) reforms in 2019 replaced | 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 Public Debt CNAV fund, and | ||
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* [[Accumulating net asset value]] | * [[Accumulating net asset value]] | ||
* [[Amortised cost]] | * [[Amortised cost]] | ||
* [[Constant]] | |||
* [[Distributing]] | * [[Distributing]] | ||
* [[Money market fund]] | * [[Money market fund]] | ||
| Line 25: | Line 26: | ||
* [[Prime]] | * [[Prime]] | ||
* [[Public Debt CNAV]] | * [[Public Debt CNAV]] | ||
* [[Variable]] | |||
* [[Variable net asset value]] | * [[Variable net asset value]] | ||
* [[Volatility]] | * [[Volatility]] | ||
Revision as of 16:38, 6 August 2021
Money market funds.
(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.
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.
