Closed-end funds are tied to a host of different asset classes.
That's the assessment from Bill Meyers, senior managing director at Nuveen.
"If you name an asset class, there's a closed-end fund that has it in there," he said. "When people think of income - it might be primarily bonds -- but there's a whole host of other asset classes that are embraced by closed-end funds that generate strong levels in cash flows."
Some of those other asset classes, according to Meyers, include: Master Limited Partnerships and Real Estate Investment Trusts.
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Want to Buy $1 Worth of Stock for 90 Cents or Less? You can with certain so-called "closed-end" mutual funds - an often overlooked investment class. Click here to register for a free online video in which TheStreet's retirement expert Robert Powell and an all-star panel tell you all you need to know. The webinar is sponsored by Nuveen.
This article was written by a staff member of TheStreet.