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关注:1
2013-05-23 12:21
求翻译:The NAVs of money-market funds may drop immediately following a rise in interest rates. Even a fund that only purchases U.S. Treasury securities can experience a decline in its NAV due to a rise in interest rates, unless its weighted average maturity (WAM) is one day. All else being equal, a fund with a $1.0000 NAV and a WAM of 60 days will experience a drop in its NAV per share to $0.9984 if interest rates rise instantaneously by 100 bps.是什么意思? 待解决
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- 离问题结束还有
The NAVs of money-market funds may drop immediately following a rise in interest rates. Even a fund that only purchases U.S. Treasury securities can experience a decline in its NAV due to a rise in interest rates, unless its weighted average maturity (WAM) is one day. All else being equal, a fund with a $1.0000 NAV and a WAM of 60 days will experience a drop in its NAV per share to $0.9984 if interest rates rise instantaneously by 100 bps.
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