Closed-end funds can offer “stocks at a discount”

Closed-end mutual funds can offer “stocks at a discount,” but you won’t likely hear about them from your broker.

Given their pluses, it’s a wonder why brokers so rarely recommend closed-end funds. There’s a simple reason for this: while closed-end mutual funds can benefit individual… Read More

Thank you for your excellent advice and your well-written newsletters. What is your opinion of the Blackstone Group?

The Blackstone Group LP, $36.61, symbol BX on New York (Shares outstanding: 520.5 million; Market cap: $21.5 billion;, is a global alternative asset manager and provider of financial advisory services.

The company’s alternative asset management businesses include managing corporate private equity funds, real estate opportunity… Read More


Exchange-traded funds (ETFs) hold baskets of stocks that represent stock indexes. They trade on stock exchanges, just like stocks.

Unlike many other innovations, including many mutual funds, ETFs don’t load you up with high management fees, or tie you down with heavy redemption charges if you… Read More

Behind the Headlines July, 2006

We’ve recommended a select number of closed-end mutual funds over the years in Canadian Wealth Advisor as a great way to buy high-quality assets at a discount.

As we’ve said, many closed-end funds eventually liquidate, or transform themselves into open-end funds. When that happens, much of… Read More