Shares of several closed end funds and preferred shares funds cratered beginning at 2pm. with no explanation.
Their closed end Strategic Opportunity Fund (GOF) is up 4.7 percent this year.
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Guggenheim runs a handful of low volume ETFs and closed end mutual funds.
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Generate fat yields and good gains with closed end funds and ETFs.
The best site I have found for data on closed-end funds is the Closed End Fund Center, and I have inserted their data into this chart.
But a closed end generally has a fixed number of shares, which trade on a stock exchange, where their prices can deviate from the underlying value of their holdings.
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Because most of its portfolio is in other funds that charge their own expenses, the effective annual costs at Cornerstone reach 2.5%, according to its prospectus roughly double those of the typical closed end.
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Another approach is to acknowledge that some closed end funds will always trade at discounts and that comparing the current discount to its one-year average discount will eventually result in funds returning to their average discounts.
Floating-rate funds come in three varieties: open-end, closed-end and a hybrid of the two.
Everyone sold: Open end, closed-end, ETFs, bullet shares, you name it.
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The idea was to first convert this small, open-end fund into a closed-end.
He recommends lower-cost, open-end funds when no similar closed-end looks worth buying.
After all, loans remain one of the few asset classes that offer retail investors relatively wide distributions, with open-end funds paying yields of 4.5-5% and closed-end funds that use leverage paying 6-7%.
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Margolin recommends two closed-end funds: ING Prime Rate Trust and Van Kampen Senior Income Trust.
The bad bank will be like a closed-end mutual fund and can be run as such.
These closed-end products offer a chance to invest in the debt and equity of private companies.
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We also excluded non-U.S. stocks, blind pools, real estate investment trusts, limited partnerships and closed-end funds.
The next step was for this closed-end investment company to become an operating company.
As with any closed-end, shares in the fund would then trade on a supply-and-demand basis.
"I don't think a portfolio of just closed-end funds is realistic or useful, " he declares.
All else being equal, stick with closed-end funds selling at discounts to net asset value.
The Swiss Helvetia Fund (SWZ) is a closed-end fund composed primarily of Swiss stocks.
The Pimco High Income Fund is a closed-end collection of junk bonds, bought on margin.
The silver lining was many closed-end funds fell 50%, presenting a golden opportunity for RiverNorth.
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Schmucker hired Galley in 2004, and the two began trading closed-end funds for their clients.
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Now, closed-end funds by any stretch, you want to get walked, you want to get a single.
An alternative, some investors say, is to purchase shares in a closed-end mutual fund that owns bullion.
Monthly dividend paying stocks can be an appropriate complement to other monthly-paying securities like closed-end bond funds.
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What one is impressed by are the yields that are available from municipal bonds, particularly the closed-end funds.
Certain closed-end funds were little more than pyramid schemes, and certain equities were run up to unrealistic levels.
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