Eastern stocks in western funds

[ScotHill]

West, ern, funds, da-dun da-dun dun-dun. (sorry couldn't help it)

The Japanese stock market closes at 6.30GMT, and you can place orders for funds (on hl.co.uk) at today's prices up to 08.00GMT. The funds seem to be revalued at 12.00GMT.

So does that mean within that hour and a half window you will be able to predict how Japanese funds will move before their prices are released and locked down? i.e. if all the shares in your Japan fund drop you could sell your allocation before those drops are reflected in your fund price.

I'm sure the answer must be no, but can someone explain why?

[jeff m2]

Any fund invested in a market to your right will often close before your fund is valued....but any transaction will be at the "close of play" price .NAV for that day

So yes, if the market went down it could be a good time to add a few bucks.as you can safely predict a slighly lower price..

But...... lots of shares trade in more than one market. If the US had a 1% rise after mid day that might erase a loss you saw in the japanese or Asian market as your fund may invest in ADRs in the US market which would be pulled up with the S & P., before your fund closed and set it's NAV.

Did that make sense, probably not