Sentences with phrase «of floating net asset values»

He wrote that, while «much progress has been made during the past few years as stronger regulations have benefited the industry,» further changes, such as the implementation of floating net asset values, «could do irreparable damage to portfolios that have served savers and the U.S. economy well over the past 25 years.»

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.

In a Feb. 29 letter to shareholders, F. William McNabb, III, Chairman and CEO of Vanguard - which as of that date held more than $ 130 billion of the country's over $ 2 trillion in money market assets - warned of the dangers of floating net asset values.

Not exact matches

The feds, along with regulators from the European Union, are calling for a host of new rules, including capital requirements, investment restrictions, better disclosure, redemption limits and floating net - asset values.

«As of that date, institutional prime money - market funds will be required to float their net asset value, based on the market value of the underlying investments,» he warns.

The Portfolio seeks to maintain a stable net asset value of $ 1.00 and a weighted average maturity of 60 days or less, with the maximum maturity of 762 days for government floating rate notes / variable rate notes and will not exceed 397 days for other securities.

Such «floating» net asset values would rise and fall with the value of a fund's portfolio, making money market funds more or less identical to other short - term bond funds.

UNAM is selling for less than the per share value of just its net assets after subtracting all liabilities including float, $ 14.15 per share.