Canadian General Investments, Limited (LON:CGI – Get Rating) shares crossed above its 50 day moving average during trading on Monday . The stock has a 50 day moving average of GBX 2,435.42 ($32.06) and traded as high as GBX 2,546.40 ($33.52). Canadian General Investments shares last traded at GBX 2,500 ($32.91), with a volume of […]
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A growing number of investors like the idea of exchange-traded funds (ETFs) because their low MERs. But what causes some confusion is how the various types of pooled funds are priced on the market. It’s not quite as straightforward as you may think. To understand fund pricing, you have to first understand the key differences among the three types of investment funds: mutual funds; ETFs; and closed-end funds. An ETF is in many respects like a mutual fund, except that it trades on an exchange like a stock. A share in an ETF represents a proportional ownership in the underlying pool, in the same way that units of a mutual fund do. But because an ETF is actively traded through the day, its share price varies throughout the trading session of the market. Mutual funds’ prices (or net asset value per unit) are typically calculated after the end of the trading day, when the closing values of a fund’s constituent holdings are known.