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KM Financial Solutions | Money fund turmoil spotlights New Jersey portfolio’s ‘shadow price’
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Money fund turmoil spotlights New Jersey portfolio’s ‘shadow price’

23 Mar Money fund turmoil spotlights New Jersey portfolio’s ‘shadow price’

Posted at 16:04h in News by
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A New Jersey municipal
money-market fund run by BNY Mellon Corp is still paying
investors $1.00 a share, even though the mark-to-market price of
the fund recently dropped to $0.9968 per share, analysts said on
Tuesday.

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