First, in terms of diversification, closed-end funds
offer investors a variety of securities within a single portfolio, which is oftentimes extremely difficult to accomplish on an individual level.
Or as she describes it: "Part of my job is to be an apostle and educator" of closed-end funds
For instance, closed-end funds
frequently trade at a premium or a discount to net asset value (NAV).
"We believe the discounts at which closed-end funds
are trading are very measurable because they tell us what investors are thinking.
The taxable fixed-income managed account, called First Trust Taxable Fixed-Income Closed-End Fund
Portfolio, begins with a defined universe of approximately 150 taxable fixed-income closed-end funds
from several categories including: convertible, high yield, investment-grade corporate, global, US Government, mortgage, senior loan, limited duration and multi-sector.
The company also provides data feeds, web site feeds, report outsourcing services including production of fund fact sheets, and an online database of publicly issued documents relating to closed-end funds
For example, some closed-end funds
that invest in Chinese stocks had a superb performance in early 2007, but developed discounts by year's end on investor fears that the stocks are due for a tumble.
According to the court, A's exclusive use of the fourth quartile of closed-end funds
The existence of a January seasonal in the returns of both closed-end funds
and small firms explains most of the comovement observed in the monthly returns during the period from July 1965 to December 1994.
DWS closed-end funds
, DWS Municipal Income Trust (NYSE:KTF) and DWS Strategic Municipal Income Trust (NYSE:KSM) on Saturday declared regular monthly distributions of USD0.0425 and USD0.0475 per share, respectively, unchanged from that paid out earlier.
Their decisions often are based on emotion, and they lack patience.<br />For the last 30 years, our firm has been dedicated to following closed-end funds
. Closed-end funds
are cousins of open-end funds.
The Fund is a closed-end fund
, and closed-end funds
do not continuously issue shares for sale as open-end mutual funds do.