Read as much as you want on BostonGlobe.com, anywhere and anytime, for just 99¢.

State St. unit will offer daily data

State Street Global Advisors said it plans to start disclosing the daily valuations of its money market mutual fund shares, following the lead of Fidelity Investments and a number of Wall Street banks earlier this month.

Money market funds typically price their shares at a constant $1, but there has been pressure from regulators to let the price float, reflecting the actual value of the bonds and other investments in the funds.

Continue reading below

Boston-based Fidelity, State Street Global Advisors, and others have argued that a floating price and other proposed measures would weaken the $2.6 trillion industry. They want to keep listing the shares at $1 and to separately disclose the actual value, to appease regulators.

In a statement Wednesday, State Street Global Advisors, which is also known as SSgA, said, “As one of the largest providers of cash management solutions, SSgA actively supports steps to increase transparency in the money market fund industry.”

State Street Global Advisors said it would begin disclosing the values on Jan. 28.

State Street Global Advisors is the asset management business of State Street Corp., a large financial services company headquartered in Boston.

Beth Healy can be reached at bhealy@globe.com.
Loading comments...
Subscriber Log In

You have reached the limit of 5 free articles in a month

Stay informed with unlimited access to Boston’s trusted news source.

  • High-quality journalism from the region’s largest newsroom
  • Convenient access across all of your devices
  • Today’s Headlines daily newsletter
  • Subscriber-only access to exclusive offers, events, contests, eBooks, and more
  • Less than 25¢ a week
Marketing image of BostonGlobe.com
Marketing image of BostonGlobe.com