Business model and Constant net asset value: Difference between pages
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(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. | |||
== See also == | |||
* [[Basis point]] | |||
* [[Money management]] | |||
* [[Money market fund]] | |||
Revision as of 14:19, 23 October 2012
(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.
See also