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Does anybody follow BCSIX - small cap growth fund that returned almost 50% last year? During the last 3 business days its return was between 0% and 0.1% that is very different from its peers. The fund invests (according to available data) 50% in technology stocks and 0% return is difficult to understand. Could they go to cash and how to verify that? Any idea?
A $2B fund cannot go to cash that quickly nor can they purchase hedges for that kind of asset base unless they paid a lot which is not entirely impossible given its drop this year as a high beta fund.
Daily wigglies don't say anything much. Tech has been moving less correlated with rest of the sector and some fortuitous positions in tech could have balanced the drop in the other holdings. Haven't you had times when your portfolio had close to zero gains or losses. Happens sometimes.
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Daily wigglies don't say anything much. Tech has been moving less correlated with rest of the sector and some fortuitous positions in tech could have balanced the drop in the other holdings. Haven't you had times when your portfolio had close to zero gains or losses. Happens sometimes.