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Fidelity New Markets Income Message Board

  • p_marette p_marette Mar 7, 2013 12:11 PM Flag

    YTD return

    Maybe I got in at the wrong time or I'm not on the same list as everyone else. I bought 1000 shares on 1/28
    and so far I have lost $225.00. Is this common for FNMIX?

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    • of course it is common for FNMIX. it will be more common in the future when global yield goes up. FNMIX had been going up since middle of 2012 (when global yield crashing down) and topped out in end of 2012 (when global yield bottom. now, global yield is in the move of going up, guess where FNMIX gonna go? on top of that, emerging market bond is too crowed. dont believe me, check the spread. for that amount of spread, i will not touch emerging market debt. already trimmed down FNMIX since end of 2012.

    • FNMIX has a major interest in Venezuela but I understand it is in US Dollars not local currency. Local currency is a BIG question mark right now since Hugo Chavez died. I believe the Venezuela situation has been the cause of poor performance for FNMIX since the first of the year. I'm hoping FNMIX will snap out of it in a month or I'm bailing out

      Sentiment: Hold

 
FNMIX
15.82+0.09(+0.57%)Apr 24 6:25 PMEDT