Deutsche Bank’s DWS Investments fund unit is planning to offer the DWS Variable NAV Money Fund, a money market  fund with a floating net asset value. It will require a minimum $1 million investment.

The offering comes at a time when the Securities and Exchange Commission is considering changing the stable NAV of money funds to a floating one. Big fund houses, including Fidelity and Vanguard, have said the change could ruin the money fund industry.

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