If the net asset value of a money market fund is forced to float, the ramifications on maintaining customer accounts are huge and could force them to move to other investments.

Severing the fixed value of a share of a money market mutual fund from its $1 mooring means that every move into or out of a stock  or bond by a fund would have to be recorded as an individual trade, according to Randy Barnes, Senior Product Manager and Engagement Manager at Thomson Reuters Wealth Management.

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