Why Closed-End Funds Don't Work for Most Investors [View article]
GUT has the yield from leverage (20% a/o year end) also I wonder about return of capital too. I didn't look that up though.
Further did you look at it on a chart? I looked for one year only and both the market price and the NAV lagged XLU and IDU by noticeable amount. Once you factor in the distortion for the dividend. I didn;t look at any other time periods.
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GUT has the yield from leverage (20% a/o year end) also I wonder about return of capital too. I didn't look that up though.
Jul 11 18:13 pm
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All Comments by Roger Nusbaum »Why Closed-End Funds Don't Work for Most Investors [View article]
Further did you look at it on a chart? I looked for one year only and both the market price and the NAV lagged XLU and IDU by noticeable amount. Once you factor in the distortion for the dividend. I didn;t look at any other time periods.