I didn't realise there was such a big difference between global trackers

[Jon277]

Fidelity Index World P Acc is currently down 3.43% today are according to ii

iShares Core MSCI World ETF GB is currently up 6.6% according to ii

I know they are not identical but even so it's quite a gap

Jon

[EthicsGradient]

The Fidelity fund is an OEIC; this is valued once a day, and a figure you see today on ii will be the valuation some time yesterday (google "valuation point" with a fund name if you want to see the precise time; many are 1200 British time).

The iShares is an ETF; this shows a live (perhaps 15 minute delayed) trading price.

So the Fidelity figure shows that the Wed valuation was 3.43% below the Tuesday one; the iShares that it's up 6.6% on yesterday's close (which was before the Trump U turn).

This is why I try and look at my portfolio value during the weekend; everything is shown as the close-of-Friday-business price, and OEICs and ETFs are on an equal footing.

[Jon277]

The Fidelity fund is an OEIC; this is valued once a day, and a figure you see today on ii will be the valuation some time yesterday (google "valuation point" with a fund name if you want to see the precise time; many are 1200 British time).

The iShares is an ETF; this shows a live (perhaps 15 minute delayed) trading price.

So the Fidelity figure shows that the Wed valuation was 3.43% below the Tuesday one; the iShares that it's up 6.6% on yesterday's close (which was before the Trump U turn).

This is why I try and look at my portfolio value during the weekend; everything is shown as the close-of-Friday-business price, and OEICs and ETFs are on an equal footing.

Ah, excellent, thank you. I had forgotten about that aspect so with a bit of luck Fidelity will catch up tomorrow.

[GeoffF100]

This is why I try and look at my portfolio value during the weekend; everything is shown as the close-of-Friday-business price, and OEICs and ETFs are on an equal footing.

I do the same, but the prices are not really on an equal footing. My OEICs will have been valued at 12:00 and 21:00 London time, whereas my ETFs will have been valued at 16:30 London time.

The OP should also note that ETFs can trade at a discount or premium to Net Asset Value (NAV). OEICs can be subject to swing pricing, so the valuation can also be at a discount or premium to NAV.

[EthicsGradient]

This is why I try and look at my portfolio value during the weekend; everything is shown as the close-of-Friday-business price, and OEICs and ETFs are on an equal footing.

I do the same, but the prices are not really on an equal footing. My OEICs will have been valued at 12:00 and 21:00 London time, whereas my ETFs will have been valued at 16:30 London time.

The OP should also note that ETFs can trade at a discount or premium to Net Asset Value (NAV). OEICs can be subject to swing pricing, so the valuation can also be at a discount or premium to NAV.

True, I suppose - but I think it's the closest you can get to an equal footing - half a market day (in Europe, or in the USA). If you look at a valuation on a weekday evening, an OEIC could be a day-and-a-half out of date.

[GeoffF100]

I do the same, but the prices are not really on an equal footing. My OEICs will have been valued at 12:00 and 21:00 London time, whereas my ETFs will have been valued at 16:30 London time.

The OP should also note that ETFs can trade at a discount or premium to Net Asset Value (NAV). OEICs can be subject to swing pricing, so the valuation can also be at a discount or premium to NAV.

True, I suppose - but I think it's the closest you can get to an equal footing - half a market day (in Europe, or in the USA). If you look at a valuation on a weekday evening, an OEIC could be a day-and-a-half out of date.

Do I need to value my portfolio every week? Not really. I have quarterly dividends, and make quarterly ISA contributions. Once a quarter should be enough.

Morningstar gives the date of the valuation for each line item. The valuations are not always up to date, so it is important to check, and use another source when necessary.