Quote:
Originally Posted by ReplayRandall
You must have a great deal of faith in "whom" assigns the net asset value, unless you believe it's totally non-human driven.
"Whom" gives you the market value of all it’s holdings.....Trust factor these figs are legit
"Whom" gives you the number of shares outstanding......Trust factor these figs are accurate
|
This is a regulated industry. And it is non-human driven. There is a market price for a bond the same as there is a market price for an equity. Some of them may be thinly traded but whatever that last trade was is the value.
I think you might have a fundamental misunderstanding of what would happen to a company that misstated either the last trade or shares outstanding data.
I own Pimco, Doubleline, and Blackrock funds. And yes, I trust all of them to provide accurate data.