How does VLS buying and selling work on Fidelity - timings?

Durban

I have a mixture of VLS 60 / 80 & 100 in Fidelity. On Friday afternoon I bought some VLS100 at £185, at the end of the day it had gone up to £195.

It is still showing £195 even though the markets have dropped and I would like to add some more but not sure when Fidelity updates the price which should be lower than £195 as the markets have dropped today.
Does anyone know?
Many thanks

Albermarle

This has been partly answered on a couple of other threads recently.
Vanguard VLS funds ( in common with all open ended funds ) are priced only once a day , in this case at 9pm UK time ( to take account of the US market) . The price showing today is from 21.00 on Friday and it will not change until 21.00 tonight.
When you bought the fund on Friday afternoon , the price showing of £185 was from the valuation point at 21.00 on Thursday .so is not directly relevant .
In fact there is a cut off time for new orders -10.00 am - So if you bought Friday afternoon the actual purchase transaction will be the price at the valuation point at 21.00 tonight . As it will most likely have gone down, you will have done OK.
These types of funds are designed to be held for the long term so these daily delays/variations make little difference in the long run.

bowlhead99

You didn't buy on Friday afternoon at £185, because £185 was Thursday's price, which was still showing on Friday because they do not calculate the daily price until the markets are closed at 9pm. If you didn't place your order until Friday afternoon, you will have missed the cut-off to get the £195 price at 9pm Friday - you'd have needed to get the order to Vanguard by 10am Friday to get your order accepted in time for that day's dealing point.

Any order made on Friday after 10am will get today's price (Monday 16th, not yet published). It definitely won't be buying at Thursday's £185 price, because you can't buy or sell an open-ended fund like Lifestrategy at an old price, only a future price - because allowing you to buy or sell at a stale price having already seen what happened to markets since it was calculated, would screw over the other holders.  An order placed now would get the price of 9pm Tuesday 17th..

https://www.vanguardinvestor.co.uk/investments/vanguard-lifestrategy-100-equity-fund-accumulation-shares/price-performance?intcmpgn=blendedlifestrategy_lifestrategy100equityfund_fund_link

Durban

Excellent - thank you.
So when I look now at my Fidelity account in pending orders it says 
Price per unit  £185.51. I mistakenly thought that was the price that I was buying at.  The actual price paid will be today's price , whatever that will be.

Kendall80

Durban said:

Excellent - thank you.
So when I look now at my Fidelity account in pending orders it says 
Price per unit  £185.51. I mistakenly thought that was the price that I was buying at.  The actual price paid will be today's price , whatever that will be.

Yes which will be valued at 2100 tonight and likely shown on fidelity tomorrow.

Assuming you bought before Fidelity trade-cutoff timing which for Charles Stanley Direct is 10am

Albermarle

Assuming you bought before Fidelity trade-cutoff timing which for Charles Stanley Direct is 10am

He bought on Friday afternoon , so the valuation point will be this evening 

Durban

Albermarle said:

Assuming you bought before Fidelity trade-cutoff timing which for Charles Stanley Direct is 10am

He bought on Friday afternoon , so the valuation point will be this evening 

She 😄

Reluctantpensioner

As this is a fund: in transactions: if it says ORDERED the price is subject to change, If is says PRICED or COMPLETED then it is a final price (but to two decimal places. For an exact number, divide price paid by units Or wait for the confirmation note.)..