Tuesday 23 October 2012

Equity Wash Restriction (EWR)

Equity Wash Restriction A provision in certain stable value or fixed income products under which transfers made from the stable value or fixed income product are required to be directed to an equity fund or other non-competing investment option of the plan for a stated period of time (usually 90 days) before those funds may be invested in any other plan-provided competing fixed income fund (such as amoney market fund)