Looking for broker with late dealing for fund

andromedean

Hi there. I'm looking for a broker who will deal later than 5pm for a fund priced at 11pm. Unfortunately 5pm is the earliest the fund manager publishes prices from the previous day! Therefore to avoid having to deal based on price information almost two days late for this fund I need a broker which would deal later than 5pm.

HL are useless of course, they only accept deals earlier than 9am. Interactive Investor are better quoting 4-30pm latest dealing for 11pm but the previous days price would not be quite available. This is tantalizing close, perhaps they would be prepared to deal half an hour later if I twisted their arm? Is there an alternative broker for OEIC trusts which can meet this requirement?

I have tried to explain the problem to the fund manager to determine if they could release prices slightly earlier but they just recite T+1 dealing rhetoric which isn't relevant.

Thanks in advance.

EdGasket

If you want real-time pricing, use ETF's. Almost all traditional funds use forward-pricing which means you'll never know exactly what price you'll pay.

andromedean

EdGasket

I'm interested in a specific fund, although it's not worth changing brokers for that reason alone. HL isn't the most competitive anyway.

Love the name BTW!

sorcerer

I would say if you need to worry that much about daily price movements, perhaps buying funds is not for you, try Shares, Trusts or ETFs.