Stable net asset value

Money market funds.

(SNAV).

A form of money market fund whose distributing shares maintain a stable - or ‘constant’ - price through the application of amortised cost accounting, rather than marking to market the value of the investments held in its portfolio.

Also known as constant net asset value (CNAV) funds.

See also

• Amortised cost
• Constant net asset value
• Distributing
• Low-volatility NAV
• Mark to market
• Money market fund
• Net asset value
• Variable net asset value