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Since stock in closed-end funds is traded like other stock, an investor trading them will pay a brokerage commission similar to that paid when trading other stocks (as opposed to commissions on open-ended mutual funds, where the commission will vary based on the share class chosen and the method of purchasing the fund).
If you’re considering investing in a mutual fund or ETF, you might have heard the terms “open-end” and “closed-end” -- and immediately scratched your head in confusion. Indeed, these are ...
The recent market volatility caused discounts to widen in the short term, so there are currently many attractive equity and hybrid closed-end funds trading at attractive double-digit discount levels.
Most mutual funds and exchange-traded funds available to retirement investors are open-end funds. Learn the difference between open-end and closed-end funds.
One method for avoiding this noise was discovered in 1995 by Caginalp and Constantine [62] who used a ratio of two essentially identical closed-end funds to eliminate any changes in valuation. A closed-end fund (unlike an open-end fund) trades independently of its net asset value and its shares cannot be redeemed, but only traded among ...
In 1981, he formed a stock brokerage firm, Thomas J. Herzfeld & Co., Inc., that was the first to specialize in the field of closed-end funds. [2] In 1984, he formed the advisory arm, Thomas J. Herzfeld Advisors, Inc. and later in 1994 The Herzfeld Caribbean Basin Fund, the first closed-end fund to invest in the Caribbean Basin (and Cuba when ...