http://www.bishnet.net/tim/blog/2009/02/26/questions-about-the-fidelity-moneybuilder-uk-index-fund-mt/ "For a moment, nothing happened. Then, after a second or so, nothing continued to happen." -- HHGTTG Wed, 14 Oct 2009 16:57:29 +0100 http://wordpress.org/?v=2.8.4 hourly 1 http://www.bishnet.net/tim/blog/2009/02/26/questions-about-the-fidelity-moneybuilder-uk-index-fund-mt/comment-page-1/#comment-43982 Rimas Balsys Tue, 11 Aug 2009 02:27:17 +0000 http://www.bishnet.net/tim/blog/?p=191#comment-43982 I'm not a die-hard Fidelity fan (having worked in their stats & inv info dept), but I'm drawn to defend them here. There's no difference between your holdings' income being reinvested to increase the nav of the Fund as a whole, and your holding's income being reinvested to increase the nav of just your holding. Mathematically, the two have the same effect on your holding. Although everyone else benefits from your holding's income, you benefit from from everyone else's holdings' incomes. I’m not a die-hard Fidelity fan (having worked in their stats & inv info dept), but I’m drawn to defend them here. There’s no difference between your holdings’ income being reinvested to increase the nav of the Fund as a whole, and your holding’s income being reinvested to increase the nav of just your holding. Mathematically, the two have the same effect on your holding. Although everyone else benefits from your holding’s income, you benefit from from everyone else’s holdings’ incomes.

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