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.

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​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.

* ​Delayed Publication: ​Even after the fund manager (PIMCO) calculates the NAV, there is a time lag for the value to be officially published, disseminated to various data providers (like Bloomberg, Reuters, etc.), and then displayed on trading platforms, broker websites, or financial news portals (like SGX).

* ​For funds that deal in international assets, this entire process often means that the NAV for "Day T" (today's trading day) is usually published and visible to you late in the evening on Day T, or sometimes even on the morning of "Day T+1" (the next business day).

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​Search Results Indicate Daily Pricing:

​The search results for the underlying fund's share class (ISIN: IE00B91RQ825) explicitly state the Pricing Frequency is Daily.  

​The historical price tables also show a closing price for every business day.  

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​*In summary:*

​The fund is priced daily, but because it's a mutual fund with a complex, global portfolio, you will generally only see one price update per 24-hour business cycle, and that price will be an end-of-day price that reflects the previous day's trading activity once all assets have been valued.

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