Edge Capital Research Team
Money Market Funds Under Fire
Money market funds (MMFs) remain under fire as they try to maintain their role in the liquidity markets. On July 23, 2014, the SEC Commissioners voted 3-2 to adopt new reforms to money market funds. The SEC‘s rules vary based on the type of fund’s investments and the type of shareholder. The disclosure rules are in effect and the substantive changes including moving institutional prime funds to a Variable or Floating Net Asset Value (FNAV), gates and liquidity fees will be implemented in October 2016.
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