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Questionable mutual fund price reporting

larryB
in Fund Discussions
I own two mutual funds managed by the same company. One holds positions in 894 companies outside the US. The second mutual fund holds positions in 712 companies in the US. On Friday, they each went down by the EXACT AMOUNT. Each one went down by 1.19%. I find that with that many holding the chance that each portfolio would move exactly the same % down to 2 decimal places is next to impossible. Could the management company be careless in their reporting?

Comments

  • Sven
    That could be coincidence since the dollar moved up quickly last week, reversing the downward trend since beginning of this year. Not sure if your oversea fund is dollar hedged or not.Nevertheless, the system would calculate the NAV based on the stock price by the end of the day. This confusing will become more clear by next week.

    Did you get the NAV from the mutual fund company or through your brokerage? They should be identical.
  • larryB
    @Sven. The mutual fund company and my brokerage are the same. It just seems hard to believe that with so many variables in each portfolio the daily change would be identical to the second decimal place.
  • MarkMark
    True Larry but we do have winners of billion dollar lotteries.
  • larryB
    @mark. Thanks. You made me laugh. And that’s a good thing nowadays.
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