Constant net asset value: Difference between revisions
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imported>Doug Williamson (Correct reference to The Treasurer.) |
imported>Doug Williamson (Expand for SNAV.) |
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(CNAV). | (CNAV). | ||
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. | ||
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 | ||
| Line 17: | Line 13: | ||
Also known as ''stable net asset value'' (SNAV) funds. | |||
== See also == | == See also == | ||
* [[Accumulating net asset value]] | |||
* [[Amortised cost]] | * [[Amortised cost]] | ||
* [[Constant]] | |||
* [[Distributing]] | |||
* [[Low-volatility NAV]] | |||
* [[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?]] | ||
| Line 29: | Line 28: | ||
* [[Prime]] | * [[Prime]] | ||
* [[Public Debt CNAV]] | * [[Public Debt CNAV]] | ||
* [[Variable]] | |||
* [[Variable net asset value]] | * [[Variable net asset value]] | ||
* [[Volatility]] | * [[Volatility]] | ||
Latest revision as of 15:39, 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.
Also known as stable net asset value (SNAV) funds.
