07 Jan 2016 14:27

Swing pricing

When substantial sums flow in or out of a sub fund, the investment manager has to make adjustments, such as trading on the market, in order to maintain the desired asset allocation for the sub fund. Trading can incur costs that affect the unit price of the sub fund and the value of existing unitholders’ investments. Swing pricing is designed to protect the unitholders’ investments in this kind of situation.

For more information, kindly read Swing pricing disclosure 20151130.pdf