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Money Market Funds' Floating NAVs Stay in Narrow Range for Now

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  • Stacey Schreft

Abstract

Money market funds long sold shares in normal times at a stable price, usually $1.00. But in the financial crisis, one fund "broke the buck" and investors fled.

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Handle: RePEc:ofr:ofrblg:17-02
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File URL: https://www.financialresearch.gov/the-ofr-blog/2017/02/14/money-market-fund-floating-nav/
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