Daily price - shares and managed funds

I assumed that the share / managed fund price is the closing price for the day but I am finding some variation from the day’s share price provided by my broker and the managed fund’s price provided by the fund. Can anyone tell me when the price is taken and why the variation occurs, please?

Hi @Doogal,

Welcome to the Community.

It will depend on a few different things. For most individual securities (depending on the exchange they are listed on) these will update every 15-20 minutes. Managed fund price update frequencies can vary, if you can let us know the name of the fund in question we can look into this further for you :slight_smile:

Thank you for the welcome, Jessinv, and I’m sorry about the delay in getting back to you.
I have established that the prices for shares in the Sharesight weekly performance report, on the day of the report, match the prices in my brokerage account. It’s the managed funds where the variation occurs.

Here is an example from managed funds (18 August 2021): Colonial FirstState Legg Mason Martin Currie Wholesale Real Income: CFS unit price $0.7979, Sharesight unit price $0.7850.

Adn another from my pension account, also on 18 August: Colonial FirstState PIMCO Wholesale Global Bond: CFS unit price $1.3979, Sharesight unit price $1.329.

Over time, the Sharesight price is sometimes the same price as CFS, sometimes higher and sometimes lower. It’s never a large difference, but I do wonder why it’s happening.

Regards,
Doogal

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Hi @Doogal

Thanks for sharing the details I’ve passed to our support team to look into with our data provider. We’ll be in touch as soon as we can.

Thank you very much, Jessinv

I have also started tracking my CFS managed fund FSF0490AU.AUF in Sharesight almost a month after this initial comment and can see the same problems. For the last 3 days it has been stuck on the same unit price with no updates. What I initially thought was a great feature now seems somewhat useless. Although I will admit that CFS is somewhat slack in updating its own online account dashboard.