Price applicable in a transaction involving actively managed investment funds
At what price is an acquisition or retrocession of units of actively managed investment funds.
On each market day, fund managers establish, after stock market and other financial markets close, the value of actively managed investment fund units they have issued. This information becomes available at 8:00 pm Eastern time.
To benefit from the price established daily, a participant in a simulation Bourstad must register his transaction before 2:00 pm, Eastern time. A transaction received after 2:00 pm Eastern Time will be processed at the price established for the next business day.