Re: JSE prices - Mutual Funds - Unit parameters
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Posted by Bob Corbett on January 23, 2000 at 03:03:10:
In Reply to: Re: JSE prices - Mutual Funds - Symbols posted by Mark on January 17, 2000 at 06:52:49:
: : : : Hi Mark,
: : : : Magic product and the jse fix works well with shares, however mutual funds are a bit of a problem as they download (after the 100 fix) as 1000 times the value.
: : : : (Before the fix they downloaded as 100000 times)
: : : : ie after the 100 fix the share price is correct but the mutual fund price is
: : : : R1,000.00 instead of R1.00
: : : : On the Johannesburg Stock Exchange all shares codes are 3 letters long while the Mutual Funds are four letters long; maybe that will help you devise a solution. Thanks : : : Hi Bob,
: : : Could you give me a sample mutual fund symbol to experiment with?
: : : I couldn't find a ticker lookup on this site, and I'm not familar with
: : : JSE fund symbols... : : : Thanks,
: : : Mark
: : : --
: : : Mark Beiley
: : :
: : : Fund Manager for Windows 3.1x/95/98/NT
: : :
: : : : : Hi Mark,
: : Sure. For example a share say Control Instr Grp is CNL while a mutual fund say Coronation Financial Growth Fund is CNFG. All the shares are 3 letters long while the Mutual Funds are 4 Letters long. There is a ticker lookup on the JSE site; it is accessed when you try to look up a price and do not know the code so you just press search with an empty code box and an enormous list appears as a lookup.
: : Many thanks,
: : BOB :
: Hi Bob,
: When I look up CNFG on JSE with my browser, I see the last price of 1161530.
: CNL shows a last price of 98. This is how Fund Manager imports them as well.
: Do you know why the fund prices are being reported so high? Sounds like the
: server may be reporting the data incorrectly, or in some units that we're not
: aware of? : Thanks,
: Mark
: --
: Mark Beiley
:
: Fund Manager for Windows 3.1x/95/98/NT
:
:
Hi Mark,
Ok, CNL is a share and is cents, ie when you looked at CNL it was 98/100= 0.98 and that is no problem.
However CNFG is a Mutual Fund and is reported as 1161530/100/1000=11.61530 which is the actual price.
I am really getting into your software and am enjoying it. Is there a Professional Fund Manager version, ie multiple portfolios (different clients) but a global download capability? Am using the software presently in that mode in a limited fashion but find the continual downloading for each portfolio the only weakness. Maybe a scheduler (built into FM) would solve that.
Many thanks,
BOB
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