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

Says:
- 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.

Update details:

- 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.

Print 17:45, 09 Jan 2013 - US Equities - Source: Newswires