Closed-End Fund Might Warrant a Place In Your PortfolioSubmitted by WWA Planning & Investments on August 22nd, 2018
As investors continue to look for increased yield, I have noticed a lot more interest in closed-end funds. The concept of closed-end funds has been around since 1893, 30 years before the advent of open-end mutual funds and long before the introduction of exchange-traded funds. A “closed” mutual fund may be closed to all new investment or just to new investors. It may be closed permanently or just temporarily.
To read more, go to: Indianapolis Business Journal