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The Boston Globe


Fidelity to tell money market fund value daily

Fidelity Investments will start disclosing the real value of its money market mutual fund shares each day, following a move by three New York firms earlier in the week, as the largest players in the $2.5 trillion market try to stave off tighter regulations.

Boston-based Fidelity, the nation’s largest money market fund manager with $430 billion under its watch, Friday joined Goldman Sachs Group Inc., JPMorgan Chase & Co., and BlackRock Inc. in announcing plans to disclose valuations daily rather than monthly. By Friday afternoon, Charles Schwab & Co., a big Fidelity competitor, followed suit.

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