2006-12-18 03:01:14 · 3 answers · asked by Anonymous in Business & Finance ➔ Investing
Funds are going ex-dividend currently. The drop in price reflects the value of the fund minus the dividend. All realized capital gains must be paid by the end of the year. Don't worry. You will receive a dividend for the amount of the drop in price.
2006-12-18 03:06:36 · answer #1 · answered by Anonymous · 0⤊ 0⤋
It's a year end distribution of capital gains and dividends.
You should see an increase in the number of shares in your account (if it's not showing up today, give it another day for the transaction to clear).
Lots of mutual funds are having rather large distributions this year since the stock market has been up over the past 4 years.
2006-12-18 07:14:40 · answer #2 · answered by derek 4 · 0⤊ 0⤋
I have no idea, but check if they paid dividends or capital gains after close Friday. That is usually what makes a fund drop when it isn't trading.
2006-12-18 03:05:35 · answer #3 · answered by Ryan W 2 · 0⤊ 0⤋