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Confused about Nav Funds movements.

Discussion in 'Managed Funds & Index Funds' started by artgul, 19th Mar, 2008.

  1. artgul

    artgul Well-Known Member

    Joined:
    16th Aug, 2005
    Posts:
    77
    Location:
    Sydney
    :confused:Hi all,

    This may be a silly question but, I still haven't find the answer...:confused:

    Latly, I have noticed that every time the ASX200 goes up, NAV Fund goes down and viceversa. How can you explain that?.

    I'd assume that the stocks the Fund is holding will move up together with the Fund. At least, that was my observation in the past. What have changed? or What I'm missing? :confused:

    Thanks,

    artgul
     
  2. Simon Hampel

    Simon Hampel Co-founder Staff Member

    Joined:
    9th Jun, 2005
    Posts:
    4,623
    Location:
    Sydney, Australia
    I think you have your data wrong - or at least confused - the fund tends to move in lock-step with the ASX200

    Remember, the unit price published this afternoon is from yesterday's market close - so you need to compare it to yesterday's movements on the ASX200.

    [chart=CC;NAV0001AU,XJO;thisq;none;20080319]NAV0001AU,XJO[/chart]