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jack kreg » Comments » CIU

  • Should You Invest for a 2nd Half Surge Across the Asset Classes? [View article]
    You can also buy closed end funds, CEF's, many with substantial discounts, I dont really like the leverage, but at least the discount gives some hedge against losses in NAV.
    In the emerging market debt, consider ESD, recent discount of 18% and yielding 13%, holds a basket of debt from emerging country's (gov), not sure about leverage. (Western Asset Emerging Markets Debt Fund).
    Cohen-Steers, utility fund, UTF, recently sold between 7-9, shares I bought at $8.50, pay 96 cents/yr, and have NAV of $11.18. Of course, this purchase was made in the BAD days of early March, although, recent price of low 9's is still a bargain. The fund holds solid American utility's with some 30% leverage.
    So, CEF's offer an alternative to ETF, I particularly like the discounts in the teen's.
    Apr 24 14:42 pm |Rating: 0 0 |Link to Comment
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