Re: JSE prices - Mutual Funds - Unit parameters
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Posted by Mark on January 23, 2000 at 10:28:06:
In Reply to: Re: JSE prices - Mutual Funds - Unit parameters posted by Bob Corbett on January 23, 2000 at 03:03:10:
: : : : : 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 Hi Bob, I don't understand, why is the mutual fund reported 1000 times higher
than the "share"? I see that it is, but aren't these figures suppose
to be in the same units to begin with? You can have as many portfolios as you'd like. You can set up portfolios
for each client, and then also have a master portfolio containing all of
the investments in every portfolio. This way, you just have to do a single
price update. Also, FM supports command line options for automating
unattended price retrievals. Use the windows scheduler tool to handle
the scheduling, along with the command line arguments for FM. The command
line arguments are documented in the online help. Thanks,
Mark
--
Mark Beiley
Fund Manager for Windows 3.1x/95/98/NT
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