Opportunities at a discount: seven great funds you can sometimes get for less than they're worth.
Kiplinger's Mutual Funds, March, 2006 by Schiffres, Manuel
WHERE CAN you get a buck for 90 cents? In a closed-end mutual fund. Far less well-known than traditional mutual funds, and lately even more obscure than exchange-traded funds, closed-ends have virtues that you may have overlooked.
First the basics. Closed-ends look a lot like traditional, or open-end, funds. An investment company manages a pot of money put into stocks or bonds. Many closed-ends borrow money to boost returns. The big difference between closed-end and open-end funds is in the way you buy and sell them. When you buy an open-end fund, the fund creates new shares. When you want your money back, you inform the fund company and it buys back your shares at that day's closing price.
Closed-ends raise a fixed amount of money in an initial...
Most Recent Business Articles
- Multiple criteria evaluation and optimization of transportation systems
- Multi-criteria analysis procedure for sustainable mobility evaluation in urban areas
- A two-leveled multi-objective symbiotic evolutionary algorithm for the hub and spoke location problem
- Multi-criteria analysis for evaluating the impacts of intelligent speed adaptation
- The development of Taiwan arterial traffic-adaptive signal control system and its field test: a Taiwan experience
Most Recent Business Publications
Most Popular Business Articles
- 7 tips for effective listening: productive listening does not occur naturally. It requires hard work and practice - Back To Basics - effective listening is a crucial skill for internal auditors
- FAS 109: a primer for non-accountants - Financial Accounting Standards Board's "Statement 109: Accounting for Income Taxes"
- LIFO vs. FIFO: a return to the basics
- Too Young to Rent a Car? - 25-years-old the minimum age for car renting - Brief Article
- Design a commission plan that drives sales - Sales Commissions
Presented by American Express