RE:RE:Can this be traded like any other stock?B4UInvest wrote:
Purpose has a 1% management fee for this ETF, other than that it trades like any other stock
But I wonder with the seeming SP confusion, have they been taking their fees
The fees are 1% plus HST (13%) = 1.13%. The are calculated daily at average NAV and paid to the fund in arrears the following month.
However, I'm not sure if they are accounted for each day when calculating NAV. I would guess yes.
I also have assumed that the valuation of NAV is happening at the close of N.A. markets daily, 4:00pm. I sent the company an email to verify, as soon as I know I will share it with the board.
For those who are trading in .b remember that the effects of the Canadian dollar are not hedged. As the Canadian dollar appreciates against the US, those in .b will suffer some slight loses. If the Canadian dollar falls against the US then those in .b will experience slight gains.
For those in .u, opposite.