Many of the closed-end funds that have had a tough time over the last 12 months came roaring back in the first quarter. Closed-end funds are portfolios of securities bought and sold like stocks throughout the trading day.
They differ from exchange-traded funds in that closed-end funds don't continuously issue and redeem shares. So, closed-end funds are subject to supply and demand pressures. As investors buy up the limited number of shares being offered for sale, these funds can trade at prices above their net asset value (NAV).
The excess in price over NAV is the premium percentage. High or rising premium percentages reveal securities in demand but also represent the risk of price decline even as the underlying securities hold their value or rise modestly.
Funds trading at prices below NAV are said to be selling at a discount. This is not the case for any of the top ten closed-end performers. ...
Recent Comments
| Dow Jones | S&P 500 | NASDAQ | 10-Year Note | |
|---|---|---|---|---|
| 10,452.00 | 1,107.93 | 2,201.05 | 35.92 |
Oil *
72.92
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DOWN
49.05
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DOWN
6.18
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DOWN
11.05
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DOWN
0.11
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10 Yr
3.59%
SPDR Gold
110.21
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-0.47%
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-0.55%
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-0.50%
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-0.31%
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