Constant net asset value

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Revision as of 12:00, 15 May 2014 by 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.)
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(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.


See also

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