Volatility, early market trading has recently been very volatile.
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I would suggest waiting until the volume has moved away (this tends to happen after the first hour). In these times price discovery is often painful and these large swings can be avoided by waiting for major news to be digested etc.
3% spread
Bid currently 1184
Offer currently 1220
You lose 3% the second you buy unless the order book moves
Standard rules
Nothing new here
You actually got a fractional price improvement at £12.1991 via the magic of the RSP … but, of course, you can’t really reflect that in the real world so you pay £12.20
Spreads on lesser liquid trusts are always a bit wider
Again, standard. Nothing new here.
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