TriniTuner.com | Latest Event:
Moderator: 3ne2nr Mods
Sumana.00 wrote:But the concern is that when they switch it decreases the returns that they would have gotten when it was closed ended due to the market forces at play - at the end of the day investors would lose out.
Sent from my BlackBerry 9700 using Tapatalk
src1983 wrote:Sumana.00 wrote:But the concern is that when they switch it decreases the returns that they would have gotten when it was closed ended due to the market forces at play - at the end of the day investors would lose out.
Sent from my BlackBerry 9700 using Tapatalk
The switch will not affect the price, it just moving the fund from close ended to open ended
Meaning if closing date is tomorrow and the price is 10 dollars u get 10 dollars for a unit when the fund is closed
If the fund is changed to open and the price is 10 dollars, the investor can redeem his units. Which would be valued at 10 per unit
However if the fund is open he can also buy units the next day if he wishes.
The NAV calculation is the same both for close ended and open ended...
ray786 wrote:you doh 'invest in Bourse Securities' they invest your money for you.... they are a brokerage house... What fund are you referring to?
Return to “Ole talk and more Ole talk”
Users browsing this forum: No registered users and 113 guests