If you choose a closed-end fund trading at a discount to its net asset value, you might also get some capital appreciation, says Maury Fertig, chief investment officer at Relative Value Partners LLC, Northbrook, Ill.

WSJ: Face Your (Investment) Fears

Special Offer: RMR Asia Pacific Real Estate (RAP) a closed-end fund trading at a 21% discount to NAV.

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All things being equal, you want to buy a closed-end fund that trades at a wide discount and operates with low overhead.

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Another closed-end fund, it trades at a 13% discount to net asset value and has an expense ratio of 1.7%.

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