I'm sure lots of us, especially those like me who need to up their equity allocations,
are taking advantage of this little dip (aka. beginning of the end of life as we know it)
to move some monies into equity mutual funds. Most mutual fund trades seem to
go at a given day's buy/sell price if you place the trade by a certain time, typically
4pm Eastern.
My question is, is there a good way to accurately predict the closing price of a
mutual fund prior to 4pm, since typically the ticker price is updated only after
the markets close (a reason ETFs are somewhat preferable IMHO) ? For index
funds, I guess you simply look at the ticker price for the applicable index (since
of course it updates continuously throughout the trading day). But what about
actively-managed funds ?
are taking advantage of this little dip (aka. beginning of the end of life as we know it)
to move some monies into equity mutual funds. Most mutual fund trades seem to
go at a given day's buy/sell price if you place the trade by a certain time, typically
4pm Eastern.
My question is, is there a good way to accurately predict the closing price of a
mutual fund prior to 4pm, since typically the ticker price is updated only after
the markets close (a reason ETFs are somewhat preferable IMHO) ? For index
funds, I guess you simply look at the ticker price for the applicable index (since
of course it updates continuously throughout the trading day). But what about
actively-managed funds ?