ETF and OEIC gilt variance

aroominyork

IGLT opened today over 2% down and drifted slightly lower, ending 2.34% down. My Fidelity gilt index fund, valued at midday, was up 0.13%. How does that happen, given they measure a similar index? 

wmb194

aroominyork said:

IGLT opened today over 2% down and drifted slightly lower, ending 2.34% down. My Fidelity gilt index fund, valued at midday, was up 0.13%. How does that happen, given they measure a similar index? 

Probably because today it went ex-dividend.

aroominyork

wmb194 said:

aroominyork said:

IGLT opened today over 2% down and drifted slightly lower, ending 2.34% down. My Fidelity gilt index fund, valued at midday, was up 0.13%. How does that happen, given they measure a similar index? 

Probably because today it went ex-dividend.

And the prize for investigation goes to wbm194! I thought it was an over-reaction to the growth figures.

masonic

This should be a sticky. Whenever a distributing fund falls unexpectedly, check the XD date.

aroominyork

masonic said:

This should be a sticky. Whenever a distributing fund falls unexpectedly, check the XD date.

It is now.

aroominyork

Looks like it went ex-div again today 

masonic

I think money market funds are about the only safe place to hide today.

aroominyork

masonic said:

I think money market funds are about the only safe place to hide today.

Until Wall Street opens and everyone puts on their happy face again. 

InvesterJones

aroominyork said:

masonic said:

I think money market funds are about the only safe place to hide today.

Until Wall Street opens and everyone puts on their happy face again. 

Quite - tech/energy seems to be happy. Choosing assets that don't correlate is getting harder these days! (OK, gilt correlation today was not causal, but still annoying!)