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Why Wells Fargo mutual fund SSMVX dropped almost 10 % today 12/12/06? |
Why Wells Fargo mutual fund SSMVX dropped almost 10 % today 12/12/06? SSMVX most likely fell due to the distribution of short/long term capital gain and dividends. This type of distribution is very typical and is often seen at the end of the year. If you have dividend reinvestment, the drop in your fund will be offset by more shares. Thus, the total value of your holdings will remain unchanged. It is extremely unlikely that the average of all the stocks held within the fund equals -10%. You may want to check the funds prospectus to see how Wells Fargo accounted for Dividends and Cap Gains Last year. Capital Gains Distribution |
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