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