Low cost global ETF

cloud_dog

Any comments on the unusual for a tracker, -4%+ drop for the FWRG price?

I note the recent RNS regarding the NAV, so have they somehow feked up their tracking / pricing?

I don't hold any FWRG but do follow it for interest.

incus432

I hold SWLD (acc) - cheapest, and VHVG (acc) / VEVE (dis) on different platforms . All developed world. I don't fret about which index they track

(edited)

PloughmansLunch

cloud_dog said:

Any comments on the unusual for a tracker, -4%+ drop for the FWRG price?

I note the recent RNS regarding the NAV, so have they somehow feked up their tracking / pricing?

I don't hold any FWRG but do follow it for interest.

That blip is strange - I've got some FTWG (distributing version) which didn't behave the same way

ColdIron

incus432 said:

and VHVG (acc) / VHVG (dis) on different platforms . All developed world.

I'm sure you meant VEVE

incus432

ColdIron said:

incus432 said:

and VHVG (acc) / VHVG (dis) on different platforms . All developed world.

I'm sure you meant VEVE

Yes - thanks. Will edit

EthicsGradient

cloud_dog said:

Any comments on the unusual for a tracker, -4%+ drop for the FWRG price?

I note the recent RNS regarding the NAV, so have they somehow feked up their tracking / pricing?

I don't hold any FWRG but do follow it for interest.

Does this depend on what set of data you're looking at?
INVESCO FWRG Stock | London Stock Exchange with a time span of 1 year, 6 months or 3 months (so showing daily prices) has the unusual blip: 554.3p on the 8th, 582.1p on the 9th, back to 556.2p on the 10th (ie today, so those are presumably opening prices). But go to a time span of 1 month or less (with intra-day prices) and the graph shows no such blip - price never above 560p.

Some oddity set yesterday's opening price unnaturally high, but no one bought at it, perhaps? And then somehow that was recorded as "the" opening price?

masonic

cloud_dog said:

Any comments on the unusual for a tracker, -4%+ drop for the FWRG price?

I note the recent RNS regarding the NAV, so have they somehow feked up their tracking / pricing?

I don't hold any FWRG but do follow it for interest.

Looks like a fake closing price yesterday. It hasn't over the past few days gone anywhere near 582.

ChesterDog

I noticed yesterday that holdings of FWRG with HL were showing strange valuation rises but, oddly, the total values of the accounts within which those holdings sit were not affected.

Today, it's the opposite, the pricing for FWRG is shown as having a large drop, but the total account values are, again, unaffected. 

Google Finance (my whole portfolio is tracked there) shows the up/down blip over certain timescales but not others.

Shown on 1-month chart (peak above 1.56m)



But not on the 5-day chart (the majority of the portfolio is invested in FWRG).

cloud_dog

masonic said:

cloud_dog said:

Any comments on the unusual for a tracker, -4%+ drop for the FWRG price?

I note the recent RNS regarding the NAV, so have they somehow feked up their tracking / pricing?

I don't hold any FWRG but do follow it for interest.

Looks like a fake closing price yesterday. It hasn't over the past few days gone anywhere near 582.

I'll go with this one, as I looked on a number of sites and all were showing a 4%ish drop, so likely a high reported trade at closing yesterday.

george4064

masonic said:

cloud_dog said:

Any comments on the unusual for a tracker, -4%+ drop for the FWRG price?

I note the recent RNS regarding the NAV, so have they somehow feked up their tracking / pricing?

I don't hold any FWRG but do follow it for interest.

Looks like a fake closing price yesterday. It hasn't over the past few days gone anywhere near 582.

I coincidentally commented in this in another thread. https://forums.moneysavingexpert.com/discussion/6528672/choosing-a-single-etf#latest

It's usually because a fat finger error meant that someone processed a trade at a price higher (or lower) than the actual prevailing market price.

If this was the last trade of the day, the next day the price will likely open sharply lower than the previous days closing price. But as we know, this spike and subsequent fall is all nonsense because of the said fat finger error.