Low-volatility NAV: Difference between revisions

Revision as of 11:04, 26 February 2020

Money market funds.

(LVNAV).

Low-volatility Net Asset Value.

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.

@@ Line 6: / Line 6: @@
-<span style="color:#4B0082">'''''Money market fund (MMF) reforms'''''</span>
+Money Market Fund (MMF) reforms in 2019 replaced [prime] constant net asset value (CNAV) funds with two new categories:
-:"Full implementation of MMF reforms won't take place until February 2019, but treasurers need to start preparing for the replacement of [prime] constant net asset value (CNAV) funds with two new categories:
 : - the Public Debt CNAV fund, and
 : - the low-volatility NAV (LNAV) fund.
-:According to research from rating agency Moody's, LVNAV MMFs are likely to attract most of the funds currently invested in prime CNAV MMFs."
-:''The Treasurer magazine, June 2018, p21 - Sarah Rundell, freelance journalist specialising in treasury and investment issues.''