staria

The Compelling Case for Converting Adams Express into an Active ETF

Bad idea in my view. I have ADX only because it is a CEF. You can still by something worth 1USD for 0,84. Great investment and very good managed! If you convert it, you have a lot of aditional costs coming and the 0,48 expense ratio is history... May be it will be better to buy more ADX at this price... and to hve a lot more CEF.

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.

Adams Express: A Cheap Closed-End Fund

It's very simple. If you can by something with value of 100 for 85, do it. Better, take credit and by a lot of it, It's a byuers market right now, a lot of fear in the air, a lot of weak hands.... This is the time to make money. ADX is may be one of the the best buy-stories right now. Look also at GAM