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Old 01-26-2006, 08:36 AM   #1 (permalink)
Junkie
 
Mutual funds.. Why does their share price only change once per day?

After following a few mutual funds on a daily basis, it seems that they generally start the day with a "open price" (obviously), and close the day at a different amount. However, throughout the day, the price doesn't seem to fluctuate at all..

Is that generally how mutual funds work? IE, the closing price will be a representation of what all the individual stocks within the fund did in a day, and as a result, there will only be a single change in the share value, as indicated by the closing price?
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Old 01-26-2006, 04:56 PM   #2 (permalink)
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Location: upstate NY
Yes. Also, most mutual funds (not all) can only be bought or sold at the day's closing price. Thus, there's no need for continuous calculations.
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