Some great comments and I completely agree with the essence of these views.
I feel that all of the information on performance dispensed by MF should be readily understandable, unambiguous, clearly relate to a specific period, and interlock with all other pieces of the performance jigsaw that are released by MF. The craving for instant information & the demands of 24-hour world markets are dynamics that have to be lived with.
Ideally for me, I would like to see the daily Portfolio performance figures only when they are robust, exactified and they are highly unlikely to change. If this can be delivered by say 10.00 am or 1.00 pm the next day that is fine with me, just tell me.
I definitely like the rounding-off of the week with the portfolio performance web-chat & effectively robust data for around “4 1/2 days” of the week & a glimpse of the trends and likely outcome from the remaining “1/2 day,” but if this is continued, it must be made clear that the week the web-chat refers to has not yet finished. If the end of week portfolio performance web-chat is kept in place & goes out on a Friday, I think it needs to be radically overhauled - more on the lines of the excitement of this is what is happening now, rather than this is what has happened - well almost happened!
I’m not sure that a British investor casually looking at this for the first time will be fully aware that the portfolio investments are being made in the US markets, and may be a little confused by the “lag-effect” when the British markets have often actually closed. As MF launches in other World markets there is potential for the various performance information released to be confusing and even contradictory, especially if some of the data is not robust in relation to a specific period. What if MF at some point launches a multi-market portfolio product?
My preference for the timing of the portfolio performance web-chat, is, as with others, when all the data is in and the figures are robust and finalised. This eliminates any confusion for a simple soul like me. Ideally, I wouldn’t want to wait for Monday to see the final out-turn, but would be happy with the final Portfolio performance figures & web-chat posted by say late-afternoon Saturday.
Waiting until the figures are robust and finalised then feeds perfectly into the end of month management fee generation, giving more confidence in these figures, reducing any unnecessary confusion/queries, and making checking of the figures easier.