Fidelity Cements Money Fund Industry Shift on Disclosure
January 11, 2013
Moves by Goldman Sachs, Fidelity, Federated Investors and other money market fund companies indicate that daily publishing of market values of their assets will be an industry standard. That is encouraging to the SEC, which last year pushed instead to let the transactional value of share prices float, every day.
All SecuritiesTechnologyMonitor.com articles are archived after 7 days. REGISTER NOW for unlimited access to all recently archived articles, as well as thousands of searchable stories. Registered Members also gain access to exclusive industry white paper downloads, web seminars, and conference discounts. Qualified members may also choose to receive our our e-newsletters covering the latest breaking news, opinions from industry leaders, developing trends and topics that matter to the effective operation of capital markets.