as interest rates go down muni bond nav's should go up mine is going down ''enax'' has been good is this a dog?
2007-10-28 15:55:33 · 5 answers · asked by gary h 1 in Business & Finance ➔ Investing
You didn't really provide enough information to get a good answer to your question. My suggestion is to compare it against other similar funds. Sometimes, the management costs involved with funds eat into the profits. Other times, there may be some mismanagement.
There are tons of sites out there to do research on such things. Yahoo Finance, Google Finance, Reuters, Standard & Poors, Bloomberg, Smart Money. Just to name a few. You can also use Investopedia.com to better educate yourself on different investment terms and items.
Good Luck.
2007-10-28 16:03:08 · answer #1 · answered by Chuck 3 · 0⤊ 1⤋
Watch out... The nav on bond funds always seems to go down, pick almost any of them out there. They give off a huge amount of their returns as interest and sometimes they have to give principal back too.
I remember getting like $2 a share on a couple of my funds last December.
Now your total value should be going up if you are re-investing all your distributions, if not you may want to sit down and talk with your advisor.
2007-10-29 00:12:59 · answer #2 · answered by only_init_4_profit 2 · 0⤊ 2⤋
The NAV only goes up if it has long term fixed rate bonds. Perhaps your fund is made up of short term bonds or floating rate bonds.
2007-10-28 23:35:57 · answer #3 · answered by Ranto 7 · 0⤊ 2⤋
Not sure what your question is but, yes, bond funds generally do well when interest rates fall.
2007-10-28 23:15:53 · answer #4 · answered by npk 7 · 1⤊ 1⤋
The fund you are holding may have dominent share of some equity or bonds. the total effect is going down.
better change fund
2007-10-29 00:16:24 · answer #5 · answered by Bhau 4 · 0⤊ 2⤋