UK FUND PRICE DOWNLOAD IN POUNDS

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Posted by TerryWood on September 03, 2007 at 04:44:17:

Hi

I am currently trialling Fund Manager and have hit a snag.

Most UK stocks and mutual funds download prices in pence. Fund manager deals with this by changing the price into pounds. The initial purchase of units are also recorded in pounds also.

The problem arises when one wants to download a fund from Yahoo .co.uk which is ALREADY priced in Pounds ie City of London Emerging World. Ticker Symbol = MFHCEWGR.L

Because the price is already in pounds and in addition Fund Manager divides the downloaded price by 100 (it assumes the price is in pence and converts it to pounds)the end result is a price that should be circa £30.00 but actually ends up as circa £0.30

I have tried numerous ways to get round this, and yes I can get the price to shown correctly by manipulating currencies. But this then causes another problem it affects the original input price ie the price at which units were purchased., They then end up 100 times less.

Can anyone explain whether it is possible to download Securities already priced in pounds and show the correct price, without affecting anything else

Usually this is done by a per security adjustment factor, however FM does not appear to utilise this.

Thanks for your help

Terry

Replies:

• Re: UK FUND PRICE DOWNLOAD IN POUNDS Mark 15:21:10 09/04/07 (1)
  • Re: UK FUND PRICE DOWNLOAD IN POUNDS Terry 16:11:47 09/04/07 (0)