petes

The Closed-End Fund Discount Quandary

a little confused with what you're getting at here.

the price of closed end funds depends on not only its net asset value, but also the quality of its management and management fees. though less extreme, valuing a CEF at its NAV is, in concept, no different than valuing a publicly traded company at its book value.

so to answer your question, "Is it wise to therefore value these assets at their net asset value, or the value implied by the closed-end fund?": of course they should be valued at the traded price of the CEF.

Gold: Relative Performance vs. Currencies

its tough to take a guy who thinks "Eurodollar" is a currency seriously