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I think it is mistake to own FOF. Good for C&S. The NAV of the fund is the market price of the funds it holds. and the expense ratio is above the expense of the underlying funds. I'm not sure what
Aug 31 13:52 pm
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All Comments by oldman »Fear, Greed, Discounts, Premiums and the World of CEFs [View article]
its benchmark should be, do you? It seems to me that you could make up
a list of a few funds to hold and have your own fund of funds. If the
discount were more like -15% I might consider for a trade.