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Why sudden drop in short term gilt fund IGLS on 16 Jan?

incus432

incus432 Posts: 396 Forumite

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27 January at 1:29PM in Savings & investments

I am curious about why there was a sudden 1-day drop - just under 2% - in the price of IGLS (ishares Uk gilts 0-5yr UCITS ETF GBP) on 16 January. This is a short term gilt fund and normally not volatile, and I didnt notice other bond funds being affected. Any ideas?

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Comments

Hoenir Posts: 6,700 Forumite

27 January at 1:37PM

Went ex-dividend on the 16th January. Dividend was 251.58p per share. This is payable on the 29th January.

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m_c_s Posts: 320 Forumite

27 January at 1:55PM

The same accumulation fund (IGL5) is the alternative if you don't want the dividend paid out but rather automatically reinvested back into the fund.

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wmb194 Posts: 4,638 Forumite

27 January at 2:10PM

If you use a site like TradingView it's much easier to see when ex-dividends have occurred:

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incus432 Posts: 396 Forumite

27 January at 2:33PM

Thanks for the replies - appreciated

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