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Tuesday, March 29, 2011|
Morningstar Uncovers Fair Value Pricing in Action
Mutual fund companies tend to be secretive when it comes to fair value pricing, but Morningstar today details how the practice impacts the industry in light of a major market event.
In the aftermath of the earthquake, which struck with just minutes left in the trading session on Friday, March 11, the Japanese market dropped 10.6 percent in its Tuesday session. But, later Tuesday Matthews Japan [see profile] reported that its NAV had not changed at all and Fidelity Japan [see profile] reported a minuscule gain of 0.1 percent, according to the pub. And T. Rowe Price Japan [see profile] posted a loss of 2.7 percent, which was still above the Japanese market's decline.
Printed from: MFWire.com/story.asp?s=36391
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