QUOTE(j.passing.by @ Feb 18 2016, 11:39 PM)
Yes, "forward pricing" means that the price (whether buying or selling) is only known at the end of each business day, and the price will only be published the next day. In other words, what we see today is yesterday's NAV price. (Some local funds will be updated sooner at about 7.00pm, hence you will see a mixture of 17/2 & 18/2 prices at the moment.)
If you want to either buy or sell, the cut-off time is 4.00pm via PMO (Public Mutual Online) or over the counter at the branches. If after 4.00pm the purchase/repurchase order will be the following day's price.
So if you place a repurchase order from now till 4.00pm tomorrow, it will be based on tomorrow's price (Friday) which will only be known on Monday. The order will be processed soonest possible on Monday, and the money release to you after several days, within 2 working days if you've gold status.
Is it still the same nowadays?If you want to either buy or sell, the cut-off time is 4.00pm via PMO (Public Mutual Online) or over the counter at the branches. If after 4.00pm the purchase/repurchase order will be the following day's price.
So if you place a repurchase order from now till 4.00pm tomorrow, it will be based on tomorrow's price (Friday) which will only be known on Monday. The order will be processed soonest possible on Monday, and the money release to you after several days, within 2 working days if you've gold status.
Dec 1 2021, 06:42 PM

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