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Conference nyoss1::market_investing

Title:Market Investing
Moderator:2155::michaud
Created:Thu Jan 23 1992
Last Modified:Thu Jun 05 1997
Last Successful Update:Fri Jun 06 1997
Number of topics:1060
Total number of notes:10477

116.0. "Mutual Fund NAV reporting method..." by ROYALT::LEMIRE (Time o'your life, eh kid?) Fri Mar 20 1992 11:45

This may be a silly question but...

I have a question about Mutual Fund NAV reported in the daily business pages.  
How is this value reported?  

	Does AP (or whatever service the individual paper uses) track the 
		holdings and outstanding shares of each fund?  

	Does the fund simply provide the closing NAV to the service?

	Can one get an ad hoc NAV report at any time during the day?  From
		whom (broker, fund?)

Just curious...

Tom
T.RTitleUserPersonal
Name		DateLines
116.1NAV is calculated by the fund company at market close. CSC32::B_HIBBERTWhen in doubt, PANICFri Mar 20 1992 12:325
NAV is usually calculated by the mutual fund company at the end of the day. 
The company then reports the NAV to the news wire services.  There is no 
mid-day NAV released to the public (although I'm sure the fund manager has 
the information available).
116.2Check out MONEY magazineKHUFU::EVENSONDon Evenson @MWO DTN 446-2470Sat Mar 21 1992 11:542
    There is a full page article on how the NAV is calculated in the
    lastest issue of Money magazine for those who would like more details.
116.3NASDAQ deadline is 17:30CHESS::KAIKOWSat Apr 04 1992 01:313
It is my understanding that NASDAQ provides the figures for all funds if the
information is received by 17:30. Anything later than that causes the missing 
prices that periodically occur for most funds.