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Money funds' floating NAVs haven't changed much since rule: OFR

( February 14, 2017, 21:15 GMT | Official Statement) -- MLex Summary: Money market funds' net asset values have not varied much since the US Securities and Exchange Commission adopted a rule requiring non-government fund shares for institutional investors to trade at a market-based NAV, the US Treasury Department's Office of Financial Research found. But OFR said these values are likely to vary more dramatically when financial markets come under stress. Statement follows....

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