In recent days, major institutions that offer money market funds have rushed to follow each other in announcing a change of heart: posting the net asset values for some of their funds every day, allowing investors to see the minor fluctuations that can occur even as shares trade at a constant $1 apiece.
Goldman Sachs Asset Management, JPMorgan Chase, Fidelity, BlackRock, Federated Investors, Charles Schwab—many of the biggest players in the $2.6 trillion industry have made the concession to transparency, after long resisting efforts by regulators.
