ishares IS15 Corporate bond ETF

[Stanley117]

The Capital value of the ishares plc Sterling Corporate bond 0-5yr (IS15) ETF fell sharply by 1.3 % yesterday on 14 September. It is normally very stable except when it goes Ex Dividend.
Does any one know if it went Ex Dividend or did something else happen ? There no Ex Dividend note on the H-L website ?

Stan

[GoSeigen]

Does any one know if it went Ex Dividend or did something else happen ?

The Bank of England indicated possible rate rise next month?

GS

[Stanley117]

Does any one know if it went Ex Dividend or did something else happen ?

The Bank of England indicated possible rate rise next month?

GS

I am surprized by that because it fell a lot more sharply and more than the longer dated Corporate Bond ETFs such as SLXX.

Stan

[GoSeigen]

Does any one know if it went Ex Dividend or did something else happen ?

The Bank of England indicated possible rate rise next month?

GS

I am surprized by that because it fell a lot more sharply and more than the longer dated Corporate Bond ETFs such as SLXX.

Stan

Stan, I was guessing, so may be wrong. OTOH there is no reason for a longer dated bond or bond fund to re-price in response to a change in monetary policy. It is short-dated corporate bonds that are in direct competition with short gilts and cash, so a repricing of the latter would surely cause asimilar repricing in short corporate paper -- especially when risk spreads are thin as at the moment.


GS

[EmptyGlass]

Yes IS15 went Ex Dividend on the 14th Sept.
See iShares web site or RNS number 9657P.

[Stanley117]

Yes IS15 went Ex Dividend on the 14th Sept.
See iShares web site or RNS number 9657P.

Thanks - Mind you the fall was more than usual on a typical Ex Dividend date so I think the comments about rate rises by the BOE probably made the fall more severe on the 15th Sept. I notice other Bond ETFs fell a bit as well eg VGOV, IGLT , IGLS , SLXX

Stan