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Why sudden drop in short term gilt fund IGLS on 16 Jan?
incus432
Posts: 432 Forumite
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
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Went ex-dividend on the 16th January. Dividend was 251.58p per share. This is payable on the 29th January.1
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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.1
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If you use a site like TradingView it's much easier to see when ex-dividends have occurred:
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Thanks for the replies - appreciated
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