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What is forward pricing?

When you buy something, you would normally expect to know the price of the item before making the purchase. However, many investments, including funds, are dealt using forward pricing, which means your instruction to buy or sell an investment is held alongside many others and the price you get is determined later (usually once a day). This means that you don’t know exactly how many units you will receive for your investment, or how much money will be achieved from your sell, until your transaction has been priced. The prices you can see on our website are historic prices from previous pricing points. This differs from our brokerage trading service on our website that allows you to deal into a live market and see the price before you transact.

You can find more information on forward pricing here.