Broad market was up better than 0.6% today
My intermediate term bond fund was down 0.7%
I can usually guestimate what Wellesley (40/60) will do based on the broad stock and bond markets - I would have guessed it would be about flat. I realize it isn't meant to precisely track the indices but a 0.3% drop seems almost approaching wacky.
Is it just that their stocks did relatively poorly today or is it dividend time or something (shouldn't be for a month)?
I realize this seems trivial but it's just enough to make me go hmmm
My intermediate term bond fund was down 0.7%
I can usually guestimate what Wellesley (40/60) will do based on the broad stock and bond markets - I would have guessed it would be about flat. I realize it isn't meant to precisely track the indices but a 0.3% drop seems almost approaching wacky.
Is it just that their stocks did relatively poorly today or is it dividend time or something (shouldn't be for a month)?
I realize this seems trivial but it's just enough to make me go hmmm