staria

The Closed-End Fund Discount Quandary

I'm a portfolio manager in a mutual fund company and we have a lot of open end funds. The problem since last fall is, then when the market doesn't function and you have redemptions.... you can sell only your best ....and most liquid assets..... The closed end funds doesn't have this problem.... and this is a huge advantage in today crazy world. With discounts to NAV.... a huge investment opportunity, one in a lifetime.