When you sell mutual funds, do they trade at the current (last night's close) price, or tonight's price.

Question

The price that shows up today is actually a day old. When you sell, are you selling at that price or whatever happens after the bell today?

How do you know what the price is at 10:00 AM or noon or whatever if the price won't be posted until after the bell?

Answer 1

I have to take exception with a couple of your previous answers. The redemption price for non exchange traded mutual funds is the closing net asset value at the market close on the day you place the order to redeem.

Exchange traded funds on the other hand are sold at the bid price when the order is placed on exchange. They do not trade at net asset value but at what the market will bear. Some trade at significant discounts to NAV as much as 15%. Others trade at premiums.

If you will recall about a year ago there was a very big scandal over late buying and selling of certain mutual funds. The orders were placed after the market closed. That is illegal. The orders must be place before the market close and are executed at the closing price.

Answer 2

I have to take exception with all of these answers. If you place an order to sell mutual fund shares during trading hours the price you get is that day's clsoing price. If you place an order to sell the market closes (after 4 pm EST) its the next days closing price that you get for your shares.

Answer 3

As far as I know they sell at the Price at the time you sell. If you sell at 10am this morning and say the price is 30.00 that is what you will sell for less fees etc. If you sell at 2:30 pm and the price is 35.00 that is what you will sell for.

Answer 4

Whatever happens at the bell today.

Answer 5

Peaches is right. It's whatever the price is at the moment of sale.
The price starts moving up or down when they open.

Answer 6

TODAY'S CLOSING PRICE