How to work out "next available valuation point"

thegentleway

Good morning,

Looking to bed and ISA and minimise time out of market. I've already got the cash in my S&S so can execute the trades at the same time. However, I'm selling a fund (VAATTT) with Scottish Widows and buying ETF (FWRG) with T212. So I'm looking for valuation points for VAATTT; I'm guessing it's at the end of each trading day hence I sell on Monday morning, the trade will be executed on Tuesday so I should buy a bit before markets close on Tuesday?

Thanks for your help.

masonic

I don't know what VAATTT, but it looks like a Vanguard acronym. Most Vanguard funds have a valuation point at 21:00, so if you sell on Monday morning, you'll get the Monday 9pm value. The closest time to this is Monday 4:30pm, so it would be best to buy in the last half hour of trading.

Why FWRG rather than ACWI or VALL?

EthicsGradient

If "VAATTT" is a fund with significant American content, then a valuation point of 21:00 British time eg

Vanguard FTSE Developed World ex-UK Equity Index Accumulation Fund Price & Information

would include the American trading well after 4:30pm British time. Wouldn't it be better to buy the ETF first thing on Tuesday morning? That would be after Asian trading, but unless it's an Asian-focused fund, that's unlikely to be as much as the American portion.

GeoffTF

There appears to be no such fund.

thegentleway

https://forums.moneysavingexpert.com/discussion/comment/82141921#Comment_82141921

Good question. VALL is easy to answer as it wasn't around when I made the decision (It also has small cap tilt so I don't think it would have made my shortlist anyway). I think I picked FWRG over ACWI because it's slightly more diversified (in terms of higher % of global market). I'd be happy with either to be honest.

https://forums.moneysavingexpert.com/discussion/comment/82142096#Comment_82142096

Indeed I got the letters jumbled sorry. SW calls it: VANGUARD INV FDS VANGUARD ESG SCRND DEV WLD  (VVAAAT) - apologies for typo

masonic

https://forums.moneysavingexpert.com/discussion/comment/82143634#Comment_82143634

FWRG has 2353 holdings, while ACWI has 2267. Both track the same index comprising 2458 holdings. The bottom 100 holdings represent around 0.01% of market cap, so you are talking 99.9% coverage (at a cost of 0.15%) vs 99.8% coverage (at a cost of 0.12%).

While VALL is more diversified than that and has an even lower fee. I don't believe it has any tilt, it just tracks an index that covers a wider range of market cap.

All these options are considerably more diversified than your existing developed world only fund filtered by ESG.

thegentleway

https://forums.moneysavingexpert.com/discussion/comment/82143640#Comment_82143640

Indeed, hence why I'm switching fund as I bed and ISA.

Thanks for the info on the nuances between those 3.

Just to confirm what's the valuation point for VVAAAT?

masonic

https://forums.moneysavingexpert.com/discussion/comment/82143661#Comment_82143661

It's 9pm, like most of Vanguards other funds.

thegentleway

I sold VVAAAT at 9am on SW and bought FWRG at 4:30pm but T212 said it would complete the transaction when markets reopen in ~15h so don't think those timings worked! Not complaining - just want to learn for next year/also for info in case someone else is doing similar thing.

masonic

https://forums.moneysavingexpert.com/discussion/comment/82166647#Comment_82166647

I did say "in the last half hour of trading". T212 doesn't place market orders straight away, so it can take a few minutes for an order to execute. If the market closes in the mean time, this can happen. First thing Tuesday is also a fairly close time point.

wmb194

https://forums.moneysavingexpert.com/discussion/comment/82166647#Comment_82166647

The market closes at 16.30 on the dot. It opens at 08.00.