Big asset managers plan to post money fund values daily - Yahoo! Finance: "(Reuters) - Three of the biggest managers of U.S. money market funds said on Wednesday they will start disclosing fund values each day rather than monthly, a move that could boost investor confidence and blunt new regulations.
Goldman Sachs Group Inc, JPMorgan Chase & Co and BlackRock Inc, which together oversee $489 billion of money market funds, or almost 20 percent of the industry, all said they wanted to give investors a clearer picture of the quality of their funds' holdings."
'via Blog this'
Goldman Sachs Group Inc, JPMorgan Chase & Co and BlackRock Inc, which together oversee $489 billion of money market funds, or almost 20 percent of the industry, all said they wanted to give investors a clearer picture of the quality of their funds' holdings."
'via Blog this'
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