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I read in today's FMANDI Newsletter, Special Report, that Fidelity is doing at 10 to 1 stock split on many of their popular funds. Some splits were today (I had one impacted) and others are June 8 (I have 2 funds impacted). I did not receive any notification from Fidelity. I am surprised at this lack of communication. At least their will be no tax or financial impact.
I read in today's FMANDI Newsletter, Special Report, that Fidelity is doing at 10 to 1 stock split on many of their popular funds. Some splits were today (I had one impacted) and others are June 8 (I have 2 funds impacted). I did not receive any notification from Fidelity. I am surprised at this lack of communication. At least their will be no tax or financial impact.
tis is why i have been a subscriber for 30 years to fmandi. it is the best way to know what is going on with your money and changes at fidelity . .
it is only an event until the morning update ha ha ha . whenever fidelity has distributions or does things it is not apparent until things update over night .
Two of mine are set to split in June, FCNTX and FDGRX. I understand why Fidelity might want to do that, but as an investor, it doesn't really effect me any.
I would not even notice these changes. I don't think I have ever looked at cost per share. I look at the total amount and returns over time. Sometimes a stock split will result in a spurt of new investments. I would not even expect to see that for mutual funds.
will open ened mutual funds there really is no benefit to a split for others in the fund . it is not like demand on an etf or stock growing because more want a fixed amount of shares .
with an open ended fund they can issue as many shares as there are buyers .
I assume they can keep to the fund objective and they want to keep the fund growing by attracting new investors. Otherwise they should have closed the fund to new investors. Its still an "event" in that these funds could be considered successful in that the share price has substantially increased over time.
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