Do you pay "creation fees" with OEIC funds ?

wombat42_2

I have just bought Threadneedle China Opps with H&L. See
https://www.h-l.co.uk/my_accounts/security_details/sedol/B1PRW73.hl

I bought at 204.49 yet the bid and offer price on the same day is 202.87 which makes me down about 0.87%

mroller

Did you submit the order yesterday?

if yes, then you will buy at today's price which is gonna be published later today. if you logon tonight you will see last valuation as of 30-10-2007 of 204.49

Liz_the_Whizz

wombat42

Welcome back to the China Express

Knew you wouldn't be able to resist for long:D

wombat42_2

Liz_the_Whizz wrote: »

wombat42

Welcome back to the China Express

Knew you wouldn't be able to resist for long:D

Im only 50% in and I hope to make a limited gain and then get out again back to Global funds

wombat42_2

mroller wrote: »

Did you submit the order yesterday?

if yes, then you will buy at today's price which is gonna be published later today. if you logon tonight you will see last valuation as of 30-10-2007 of 204.49

Yes that makes sense. I just missed out on a hefty 4% rise in the Hang Seng the day before. It always happens. If I am out of the market for just a day - I miss out on a hefty rise.

RayWolfe

It's amazing how someone like you who appears to be in and out of markets with great frequency, does not (from this and your other thread) know how daily pricing works. That, in spite of having it carefully explained to you in your other thread.
Male cows and their excrement come to mind.

wombat42_2

RayWolfe wrote: »

It's amazing how someone like you who appears to be in and out of markets with great frequency, does not (from this and your other thread) know how daily pricing works. That, in spite of having it carefully explained to you in your other thread.
Male cows and their excrement come to mind.

As i understand there are two things going on. Getting my head around creation prices for non-OEICs, I forgot the point previously made about the public price being out of step with the allocated buy price which will be picked upon the next day. So i got the two confused.

wombat42_2

RayWolfe wrote: »

It's amazing how someone like you who appears to be in and out of markets with great frequency, does not (from this and your other thread) know how daily pricing works. That, in spite of having it carefully explained to you in your other thread.
Male cows and their excrement come to mind.

Just reflecting on your comments I strongly resent your tone :mad::mad: I find them very insulting and offensive. I may well report you to the moderators for abuse. Apart from the points i made in my earlier post in this thread explaining why i was confused, this thread was specifically about OEICs and i was trying to clarify that OEICs did not have creation fees. This is distinct from the previous thread of mine that you responded to and you referred to on pricing for unit trusts. In this thread i was specifically referring to OIECs :mad::mad::mad::mad::mad: This has nothing to do with "That, in spite of having it carefully explained to you in your other thread." :mad::mad::mad::mad:

RayWolfe

Instead of fulminating about my post, it may be a better use of your time keeping your eye on the makets in case you want to move in or out because, as you know:
"It always happens. If I am out of the market for just a day - I miss out on a hefty rise"