News Headline Summary
JP Morgan (JPM) asset management says prime money market fund will calculate market based net asset value at close of each trading day
- Liquid asset money market fund will also calculate NAV's at the close of each day.
- Changes will be effective from January 14th.
- Will not change the funds existing objective to maintain USD 1.00 stable NAV.
Analysis details (11:46)
- Earlier news that Goldman Sachs Asset Management (GS) are to disclose daily net asset value for US-domiciled commercial paper money market funds, expected to follow next week.
09 Jan 2013 - 11:42
Subscribe Now to RANsquawk
Click here for a 1 week free trial
RANsquawk provides audio news and commentary for over 15,000
professional traders and brokers worldwide. Services include:
Real-time audio coverage from 0630 to 2200 London time plus Asia-Pac 2200 to 1000 London time
Teams of analysts covering equities, fixed income, FX, energy, and metals markets
Real-time scrolling news service with instant analysis
Daily and weekly pre-market research and calendars
Video updates covering near-term key risk events & primary trading themes
One-to-one chat with our expert analysts