ITG Product Assists Funds in International Valuation

ITG’s Fair Value Model provides mutual funds with international holdings a method to assist in the valuing of foreign securities when significant events occur that affect securities prices after the foreign market closes.

The release comes as the US Securities and Exchange Commission (SEC) has issued guidance on the responsibility of mutual fund companies to ensure that security prices reflect significant events occurring after closing prices are determined, but before net asset value (NAV) is calculated.

Additional information can be found at  http://www.itginc.com .