Funds Wary of Vendor Changes To Fixed-Income Pricing Times

FRONT PAGE: INDUSTRY ISSUES

Some investment companies have expressed concern about a trend among data vendors to provide evaluated prices for fixed-income instruments at 4pm EST rather than 3pm, saying that it may not leave them sufficient time to calculate and report net asset values for mutual funds.

At a meeting last month of the Investment Company Institute, a US-based association of investment firms, some members expressed concern as to whether 4pm pricing would leave them enough time to perform their calculations

To continue reading...