Joe Eqcome

iShares Chile ETF Outperforms Credit Suisse Chile Closed-End Fund

Gary,

While I agree with your basic conclusion, the difference in returns and variance may not be as great as you've indicated.

While not a material difference, and not changing your basic conclusion, I wanted to point out an important criterion for CEF investors is the adjusted returns for distribution and splits. This is important because of the yield nature of CEFs. Over a longer period of time it can be meaningful, particularly when compared to a non yielding investment. If you’re a trader, distribution become less meaningful.

On share price basis adjusting for distributions and splits, ECH is down 5.4% vs. down 10.2% for CH for the period sighted. (This is versus the -4.6% and -12%, respectively noted above.) This difference is due to the capital gains distribution paid by CH during the period of your chart.

Additionally, the adjusted index adjusted price standard deviation of each was fairly comparable (ECH: .13; CH: .14)

I’ve always enjoyed your work. Hopefully you’ll view this comment as additive for retail investors.

Joe Eqcome