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If consumers and companies are flooded with funds, prices and wages should start to rise.
Other managers allowed "late trading"—in essence, clients placing orders after 4pm, the end of the trading day, when funds' prices are set.
Unable to obtain these funds, prices on the exchange began to crash.
Similar(53)
If flows eventually shift from global equity funds to U.S. equity funds, U.S. stock prices would really skyrocket.
Currently, funds price their shares at $1, rounded to the nearest penny, and promise they will remain there.
In any case, he doubts that any such proposal could eliminate funds' stale pricing problem, which he says is caused by how funds price themselves, not by how often they do so.
Mutual funds price once per day, usually when the markets close in New York at 4 00 PM.
Changing the law would provide municipalities and school districts with greater freedom to decide where best to deposit taxpayer dollars -- taking into account the safety of funds, pricing and other taxpayer benefits.
[C2.] Some Fund Prices Not Available Because of transmission errors, some mutual fund prices were not available at press time.
So international mutual-fund prices, based on closing stock prices that are hours old, are "stale".
Fund prices are usually fixed at the end of the previous trading day.
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