Planning For The Future...The Retirement Funds
The Globe and Mail obtains mutual fund information from Lipper. The process for obtaining daily net asset values starts at the fund management companies, who calculate and send those values to Lipper for fact checking and normalization. After this, Lipper sends the prices to the Globe and Mail for inclusion in Portfolio, Watchlist and Fund Quote pages.
Many readers have complained that prices don't always update daily on a timely basis. This is because some large fund management companies miss the 545 p.m. (ET) deadline for price submission to Lipper. To correct this, Lipper is changing the deadline to 645 p.m. in order to provide them more time.
This means that the Globe and Mail website should have more regularly updated daily prices, but that these updates will appear on the website around 830 p.m. instead of the current 730 p.m. We hope these changes, which are effective immediately, will mean better data integrity.
We're always interested in your suggestions and will read the comments on this blog post.