Sorting Out the Closed-End Craziness

Nicely done. What funds are you buying now?

Calamos Total Return Fund(CSQ) is usually one of the lowest discounted high-yield dividend funds at around a 3% or 4% discount. Nevertheless, it is currently one of the highest ones at an 8.5% discount. We've been accumulating that one.

Any country funds? Those are always popular closed-end fund plays.

We like both of the India funds: India Fund(IFN) and Morgan Stanley India Investment Fund(IIF). Even though the Indian markets seem tired, these two funds, which traded at big premiums a year ago, now sport double-digit discounts and seem to be bargains.

We like Chile Fund(CH), which used to trade at a premium and can now be bought at an intraday discount of 7%. We've been trading it, even though throughout its trading range it has intermediate-term value.

We've been buying New Ireland Fund(IRL) at a 6% discount. This stock is always a wild one, typically swinging between a 5% discount and a 5% premium.

Recently, we've also been trading Singapore Fund(SGF) and Malaysia Fund(MF), and we've thought Templeton Dragon(TDF) has been a good buy for several weeks.

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