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Closed-End Funds Feel Twice the Pain
Last week's worldwide stock market implosion hit closed-end mutual funds particularly hard.
Many suffered a one-two punch as their shares sold off even faster than those of their holdings.
As a result, not only have their net asset values fallen, their shares are trading at even bigger discounts to NAV than they were at the end of the previous week. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,309.92 | 1,091.49 | 2,138.44 | 32.31 |
Oil *
77.12
|
|
DOWN
154.48
|
DOWN
19.14
|
DOWN
37.61
|
DOWN
0.48
|
10 Yr
3.23%
SPDR Gold
115.06
|
|
-1.48%
|
-1.72%
|
-1.73%
|
-1.46%
|
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