How are Vanguard's funds priced?

Oldhand_2

I'm not paraniod, but I have a look at the price of my Vanguard funds every day, just out of interest.

Yesterday (14/06/24), looking at the BBC's market data, just about every market in the world was down, some substantially, including the S&P 500. Even the £/$ rate was down, so I expected my VG Global ex-UK and Global All Cap to be down today. They're up by almost 0.5%. This has been the pattern this week, markets down, funds up. I'm pleased, but puzzled. How do VG price their funds?

Prism

Yesterday the FTSE was down a little (-0.21%), the Nikkei up a little (+0.24%) and the S&P flat. Meanwhile the Pound was down somewhere between -0.3% and -0.6% depending on the currency. When the Pound goes down, all of your global investments are worth more to a UK investor and go up.

Fairly often on a daily basis, the currency movement has more effect on that days returns than the stocks themselves. Over the longer term it is much less relevant.

ColdIron

Don't forget that open ended funds like your Global All Cap are only valued once a day so that the current price will always lag the market price

InvesterJones

ColdIron said:

Don't forget that open ended funds like your Global All Cap are only valued once a day so that the current price will always lag the market price

And if I remember correctly, Vanguard also only subsequently update the display of their price very late in the day, something like 9pm, so up till that point you're looking at prices from the previous day.

miser123

No idea.Vanguard are a favourite. They have 3 easy ready made tracker choices.The other companies make life difficult.One company has a advantage H L allows post applications for ISA'S which some may prefer.

Hoenir

US markets don't shut until 9 pm GMT. Fund prices won't be calculated in the UK until the next working day. 

poppy10_2

miser123 said:

No idea.Vanguard are a favourite. They have 3 easy ready made tracker choices.The other companies make life difficult.One company has a advantage H L allows post applications for ISA'S which some may prefer.

This has nothing to do with OP's question 

GeoffTF

InvesterJones said:

ColdIron said:

Don't forget that open ended funds like your Global All Cap are only valued once a day so that the current price will always lag the market price

And if I remember correctly, Vanguard also only subsequently update the display of their price very late in the day, something like 9pm, so up till that point you're looking at prices from the previous day.

I have always found that Vanguard's price for Developed World ex UK is updated by 6:00 am the next day. The same is true for Moringstar.