Share Prices at Hargreaves Landsdowne

lifemagic

I bought some shares at HL and the value is down 10% but the price is up.

I got 50 of ticker EWH, which is the ishare Hong Kong index trading on nyse, which cost 617.56 (in pounds). The charges were about 12.00 as I understand, plus 1.70% in forex commission. When it first showed up in my account it was down 3%, which I took to be the charges (fair enough).

I look today, and it's down 11.85%, or 72.86 sterling, fair enough as investments go up and down. But the ticket at finance.yahoo shows an increase over the period, roughly 19.25usd on the 6th to 19.36usd now.

I can't understand that, why is it?

MercenaryMan

Isn't this just due to the fluctuations in the three currencies you mentioned?

sabretoothtigger

1.7% is alot to charge for forex, they are taking profits on that alone. To buy then value it as a sell is a loss of 3.4%

The ETF itself has a spread to it, buy and sell two different prices

The price rose 1% in the last few days and FXB or sterling to you and me rose 0.5% which means for you, any gain on the ETF was halved

Also prices out of hours may be inaccurate, check at 3pm

lifemagic

OK, I've checked again. The price at Yahoo is 19.23usd (down 13c). The price at HL is sell 19.01 buy 19.86.

It shows my investment as down 29.56 sterling, or 4.79%... so the loss is halved since yesterday, although the price on Yahoo is down.

But basically, the big discrepancy was due to market prices lagging, spreads/commissions and exchange rate difference?. Is that it, because I'm happy holding this for the long term. I just wanted to check there wasn't any error.

Thanks for the answers.

sabretoothtigger

Sounds like you got the general gist. You like Hong Kong then ? I do follow it but only have it indirectly through managed funds, they have done well recently, I think their currency is linked to USD through a fix or it might be worth alot more

Have got the etf details, such as largest holdings, etc