EU escapes US MMF reform fate
The European Union’s rules to improve the resilience of money market funds came into force on Thursday. Investors expecting similar consequences to those which followed the US reform can breathe a sigh of relief.
The European money market fund reform requires all funds with constant net asset values (CNAV) to transition either to public debt-only constant net asset value funds or to limited volatility net asset value (LVNAV) funds by January 21, 2019.Funds wishing to maintain a constant net asset value ...
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