Yahoo finance API is not available right now, please try again soon...

What Do Rising Rates Mean For Closed-End Funds?

What Do Rising Rates Mean For Closed-End Funds?

Perhaps that’s because the closed-end fund universe is smaller than those of open-end mutual funds and exchange-traded funds (ETFs), or because their market price and net asset value (NAV) frequently fluctuate. Whatever the reason, closed-end funds … Continue reading at

Mutual Funds: Benchmarks

BOSTON (CBS) - You will want to learn how to compare your mutual fund to a standard so you can tell how well your fund is doing in order to evaluate your portfolio. A benchmark is a standard used for comparison. If you own a small cap fund you should be … Continue reading at

What Do Rising Rates Mean For ClosedEnd Funds

Image by Hagens_world

5 Best Performing Technology Mutual Funds of 2015

U.S. stocks ended a jaded 2015 on a discouraging note. Currency devaluation in China, low commodity prices and continued strength in the dollar had dragged the Dow & S&P 500 to their worst yearly finish since 2008. However, the Nasdaq ended in the green … Continue reading at

Mutual Funds Investing

Mutual funds miss opportunity to exit loss-making inflation index bonds

MUMBAI: Mutual funds have missed an opportunity to exit investments in the loss-making inflation index bonds as the Reserve Bank of India has on Thursday rejected all higher-than-expected bids received in the buy-back scheme for Rs 6,500 crore worth of … Continue reading at

Cliff Asness’s Alternative Funds Top Rivals With 17% Returns

As stocks and commodities plunged to kick off the new year, Cliff Asness's liquid alternative mutual funds went the other way — making money for investors. That performance extends a winning streak of the so-called liquid alt mutual funds run by AQR … Continue reading at

Mutual Funds For Beginners Book (The Investing Series 3)
“I HIGHLY RECOMMEND this book if you want to get a quick grasp on investing in Mutual Funds”– Markey D.”excellent job of breaking…

A Beginner Guide to Mutual Funds: Everything to Know to Start Investing in Mutual Funds (Including 20 Funds Recommendations)
Read on your PC, Mac, smart phone, tablet or Kindle device.

Do you want to learn more about mutual funds and truth behind them?…

A Handbook of Mutual Fund Investing: A New Perspective, A New Paradigm
This book is written for the serious mutual fund investor seeking a new and very different approach to mutual fund portfolio const…

Mutual Funds Investing

5 Alliance Bernstein Mutual Funds with Long Track Records

AllianceBernstein Investments, Inc., founded in 1971 and headquartered in New York, provides asset management and investment services to institutions, private high-net-worth clients and individual mutual fund investors. AllianceBernstein offers mutual … Continue reading at

4 Best-Rated BlackRock Mutual Funds

One of the world’s premier asset management firms, BlackRock Inc. offers a range of risk management, strategic advisor and enterprise investment system services. With over $ 238 billion worth of assets under management (excluding money market assets), it … Continue reading at

What Do Rising Rates Mean For ClosedEnd Funds

Image by Hagens_world

Mutual Funds Under Sebi Scanner On Dividend Stripping: Report

Mutual fund houses adopting ‘dividend stripping’ plan have come under the scanner of capital markets regulator Sebi for possible tax evasion. Dividend stripping typically involves an investor buying a dividend plan of a mutual fund scheme, booking a loss … Continue reading at

Rate Hikes and Bond Mutual Funds in 2016: PIMCO Weighs In

2016 Could Be an Interesting Year for Bond Mutual Funds (Continued from Prior Part) PIMCO on rate hikes in 2016 Tony Crescenzi from the Pacific Investment Management Company (or PIMCO) wrote in an article titled "Federal Reserve Outlook for 2016" that … Continue reading at

Investors pull billion from stock funds during weekly period: Lipper

Over the same period, bond funds lost $ 605 million to cash withdrawals, Lipper data showed. Relatively low-risk money-market funds attracted $ 10.4 billion during the week, according to the fund-data service. Continue reading at

* The average closed-end fund discount to net asset value is 9%, or double the 15 year average. That's creating a great buying opportunity for yield-seeking investors, said Christian Magoon, CEO of Magoon Capital. ‘Certainly it's a bit of a contrarian play, it's fear about the Fed raising rates, that's what it boils down to,’ said Magoon, adding that investors are concerned about the leveraged used in many fixed income closed-end funds. Closed-end funds are baskets of stocks that are grouped according to an investment objective and overseen by a manager. But unlike open-end funds, which continue to increase their asset base by selling to new shareholders, closed-end funds bring in assets by selling a fixed number of shares through an initial offering. After the initial sale, the closed-end fund’s shares trade like stocks on exchanges like the NYSE or the Nasdaq. Low demand for a fund can cause closed-end shares to trade at discounts to net asset value (NAV). High demand can create premiums to NAV. High closed-end fund discounts provide the potential for above average income as assets can be purchased for about 91 cents on the dollar today. High closed-end fund discounts relative to long term averages present an opportunity for capital appreciation should discounts revert to the mean. Magoon's YieldShares High Income ETF (YYY) is an index tracking ETF that owns the top 30 overall ranked closed-end funds based on three categories: discount to NAV, income and liquidity.

Subscribe to TheStreetTV on YouTube:

For more content from TheStreet visit:
Check out all our videos:
Follow TheStreet on Twitter:
Like TheStreet on Facebook:
Follow TheStreet on LinkedIn:
Follow TheStreet on Google+:

Mutual Funds Investing

Tags: , , , ,
Previous Post

How negative headlines can become self-fulfilling

Next Post

The Morning Ledger: What’s Your Forex Hedging Strategy?

%d bloggers like this: