Market Overview

Goldman Sachs Asset Management to Disclose Daily NAV for US-Domiciled Commercial Paper Money Market Funds

Goldman Sachs Asset Management announced that it will begin disclosing a
daily market value Net Asset Value (“NAV”) for its US-domiciled
Commercial Paper Money Market funds effective today. Disclosure of the
NAV for the Government and Municipal funds is expected to follow next
week.

“As a leading provider of liquidity solutions, we believe that more
frequent disclosure and greater transparency will benefit investors.
This will have no impact to how fund shareholders transact or the way
the funds are managed,” said James McNamara, Managing Director and
President of Goldman Sachs Mutual Funds. “It is our belief that this
level of transparency will also benefit the ongoing dialogue around
potential regulatory changes to money market funds.”

See full press release

Posted-In: News Guidance Management Global

 

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