Fidelity Investments Pricing Point

dazeruk

I have an S&S ISA with Fidelity.

I can logon and see the current value of my investments online. These are declared as being at the last pricing point. I've looked in their help pages and can find nothing to explain what this means, I assume a share price snapshot is taken and this is used to value the holdings. The one thing I've never been able to work out is when this snapshot is taken. Sometimes the price will change around mid-day, other times it's mid afternoon before the price is updated.

Can anyone give any further information?

Debt_Free_Chick

According to the Annual Report, the valuation point is midday for the purpose of the accounts. I would be reasonably confident that pricing is done at midday too.

Fidelity - in common with the majority of managers - use forward pricing though, so the price at which you buy or sell is based on a calculation of the fund's net asset value at the next valuation point i.e. you buy/sell today at tomorrow's valuation.

Any delay in updating the prices online is probably just down to the sheer logistics of getting every fund priced and then updated i.e. I doubt it indicates that the valuation point is different across different funds.

barak

dazeruk wrote: »

I have an S&S ISA with Fidelity....

Can anyone give any further information?

Fidelity Funds Network's "Key Features" shows the wide range of pricing points and dealing cut-off times -

https://www.keyfeatures.fidelity.co.uk/html_kfd/new/kfd_invfnw_borderless.html

dazeruk

Thanks for the info.