Closed End Funds
Closed-end funds are mutual funds that offer only a limited and fixed number of units to investors. These units trade on stock markets rather than being redeemed by the fund, and as a result can trade at a premium or discount to the net asset value of the securities held by the fund.
We devote a lot of time to analyzing closed-end funds because these funds often provide attractive opportunities for our clients. We mainly recommend closed-ends when they trade for less than asset value, as they often do. For every $1 you invest in a closed-end, you may have $1.10 or $1.20 working for you.
Then too, closed-end funds sometimes rise in value …read more »
