Industry groups have come out strongly against the proposal for floating net asset values. (palisadeshudson.com)
If funds are forced to use floating net asset values, many investors will just move their money into bank accounts. (palisadeshudson.com)
Schapiro and other advocates of floating net asset values argue that fixed share prices create the illusion that money market funds are risk - free, as good as cash, when this is not the case. (palisadeshudson.com)