European Money Market Mutual Fund Survey on Regulation: Summary Results & Analysis

Our survey results indicate that any attempt to eliminate the constant net asset value (CNAV) methodology for pricing MMFs in Europe would generate a negative reaction among investors.  A large segment of respondents surveyed indicated that if enacted, they would either decrease or discontinue their use of money market funds.  Analyses by industry and by company size show that this sentiment is pervasive.  There were no material differences by respondent sector.