TY  - JOUR
AB  - Fair value pricing is a critical issue for mutual funds with international market exposure because trading in the underlying foreign securities is not synchronous with US market trading. Using a sample of Japanese open‐end mutual funds that trade in the USA, this paper explores the potential for exploitation of common mutual fund pricing practices and identifies much larger pricing errors than previously reported. A simple, objective solution to the fair value pricing quandary is proposed. The solution, based on foreign exchange‐traded funds and the S&P 500, provides a timely, objective pricing alternative that is less exploitable than current mutual fund pricing practices.
VL  - 12
IS  - 2
SN  - 1358-1988
DO  - 10.1108/13581980410810759
UR  - https://doi.org/10.1108/13581980410810759
AU  - Jares Timothy E.
AU  - Lavin Angeline M.
PY  - 2004
Y1  - 2004/01/01
TI  - Predictable pricing errors and fair value pricing of US‐based international mutual funds
T2  - Journal of Financial Regulation and Compliance
PB  - Emerald Group Publishing Limited
SP  - 132
EP  - 150
Y2  - 2024/04/24
ER  -