In times of financial panic, nervous investors in variable net asset value (VNAV) funds are just as likely to race to cash as constant net asset value (CNAV) fund investors, says Moody’s Investors Service in a report published today.
In times of financial panic, nervous investors in variable net asset value (VNAV) funds are just as likely to race to cash as constant net asset value (CNAV) fund investors, says Moody’s Investors Service in a report published today.