“J.P. Morgan Chase & Co.’s asset-management division will begin disclosing to investors the amount of liquid assets held in its U.S. money-market-mutual funds each day on its website, the company said Monday.
“Investors will be able to view each fund’s percentage of assets that are liquid on a daily and weekly basis, a move J.P. Morgan is making to increase transparency in its funds, according to a company release. J.P. Morgan says the change will take effect Tuesday.
“The decision follows moves by money managers like J.P. Morgan, Goldman Sachs Group Inc. and BlackRock Inc. earlier this year to begin disclosing the values of their funds daily to investors rather than monthly.”
Read full Wall Street Journal article here