Date updated:04-06-2007
An often-sleepy corner of the mutual-fund world is enjoying a sudden boom: "closed-end" funds. Like exchange-traded funds, or ETFs, closed-end funds trade on a stock market but may have certain trading quirks, limiting their appeal. Now, fund companies are overhauling these funds' investment strategies and rolling out new offerings, and investors are snapping them up.More than $13 billion has been raised in closed-end funds this year, or more money than was raised in all of 2006. More than 30 such IPOs are expected at the NYSE this year. One of the biggest quirks of closed-end funds -- their tendency to trade at a discount to the underlying portfolio -- is also improving.In March, the median discount for all closed-end funds narrowed nearly a full percentage point, to 2.34% -- the lowest discount in the past 12 months. Today, about 35% of such funds are trading at a premium, compared with about 20% in 2005, according to fund researcher Lipper.Closed-end-fund providers have been focusing on a strategy searching out stocks that pay big dividends. One goal is to take advantage of recent tax-law changes that can lower taxes on dividend income if funds hold the stocks for a certain amount of time- Wall Street Journal
- Top Professional Portfolios
- 1. Fidelity Contrafund - ...
- 2. Navellier & Associ...
- 3. Calamos Advisors
- 4. Argus Management
- 5. Bernard L. Madoff Inve...
- show all
- Top Do-It-Yourself Portfolios
- » Joseph Russell Portfolio 1
- » Albo's First Portfolio
- » Darrell Werth Portfolio 1
- » Echo5Joker's Portfolio
- » jgroov Portfolio 1
- show all
- Most Viewed Portfolios
- » Warren Buffett
- » George Soros
- » T. Boone Pickens - BP Cap...
- » Carl Icahn
- » Renaissance Technologies
- show all
Not a Stockpickr member? Join the community today -- for free.Regardless of why a stock is in the news, it never hurts to hear what a professional investor has to say about...
By Roberto Pedone Posted on Nov. 20, 2009 According to Jim Cramer, options expiration is driving the current market selloff. He pointed out that the only stocks that we...
By Roberto Pedone Posted on Nov. 19, 2009 According to CNBC’s “Fast Money” traders, the stock market is showing no signs of stopping its current bull run. Joe Ter...
By Jonas Elmerraji Posted on Nov. 18, 2009 There are plenty of reasons for stocks to have the attention of short-sellers. Waning financials, a deteriorating business mo...
A. part of the circle of friends.
FFH
A. The only one I own : SLX,
too hard pick a winner out all of them
Here are the 10 stocks in the Dow Jones Industrial Average stocks with the highest yields as of the market close on June 2, 2009. more
These are some of the stocks mentioned on TheStreet.com TV recently. Click the URL below each stock to watch the videos. more
Here is a list of some of the biggest stocks that hit 52-week lows on Nov. 20, 2009. more












Comments not available