Why Fund Price not daily updated?
*How come Pimco GIS Income Fund Admin SGD (Hedged) daily price is not updated daily?* It is a common observation for investors to feel that mutual funds, like the PIMCO GIS Income Fund Administrative SGD (Hedged) Income, are not updated daily, but the reality is slightly more nuanced due to how these types of funds operate. ~~~~ Here are the key reasons why you might not see a "real-time" price update like a stock: * NAV is Calculated Daily, After Market Close: The fund is an Open-Ended Investment Company (OEIC), or mutual fund, not an Exchange Traded Fund (ETF) or a stock. * Its price is the Net Asset Value (NAV) per share, which must be calculated based on the closing prices of all the underlying bonds and derivatives in its portfolio. * Since the portfolio holds global fixed-income securities that trade in different time zones (e.g., US, Europe, etc.), the final, official NAV can only be determined after all the relevant global markets have closed for the day. * De...