Public Debt CNAV: Difference between revisions
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* [[Net asset value]] | * [[Net asset value]] | ||
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* [[Public debt]] | * [[Public debt]] | ||
* [[Reverse repo]] | * [[Reverse repo]] | ||
Latest revision as of 21:12, 7 July 2022
Money market funds.
A constant net asset value (CNAV) per share money market fund, substantially invested in public debt.
At least 99.5% of the portfolio must be invested in public debt securities, reverse repo secured with government securities, and cash.
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.
