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Endeavour Silver Corp. Message Board

scraven71 1 post  |  Last Activity: Jun 8, 2015 2:54 PM Member since: Jul 24, 2007
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    what is reason for the big drop in FAX price?

    by wainmatthew Jun 8, 2015 12:39 PM
    scraven71 scraven71 Jun 8, 2015 2:54 PM Flag

    The problem, I think, is simply that FAX is a bond fund and bond fund investors are nervous about interest rates going up and decreasing the value of the bonds in the fund. The discount from the market price to the NAV has increased to about 13% from 10.5% in the last two weeks so that accounts 2.5% of the decline. The rest is the decrease in bond values and to a lesser extent the decline in the Australian dollar.

1.57-0.06(-3.68%)Sep 3 4:02 PMEDT