Unlisted investments: strategies and choices for the design of a daily pricing model for superannuation fund unit pricing

Investors in superannuation funds in the Australian market are permitted to alter their investment strategy on a daily basis through adjustments to asset allocations. For example, this means that individual investors may choose to sell their portion of capital invested in real estate in exchange for the purchase of units in equities, or cash. For this to be equitable to all parties, the transfer of funds between asset classes must be done at current market values for the asset classes concerned. If this does not occur, some investors are advantaged, some disadvantaged. <br><br>