Introduction
Closed-end funds are similar to mutual funds. As one of investment funds, closed end funds have a diversified portfolio of stocks, bonds, or a mix of the two. They are managed by portfolio manager. It can be either passively or actively managed. It regularly distributes dividends and capital gains.
One of the differences between mutual funds and closed-end funds (CEF’s) is closed end funds are traded like stocks on a stock exchange such as NYSE or NASDAQ. Mutual funds are also known as open-end funds.
Top Closed End Funds
These closed end funds are selected based on its performance and popularity among investors. It is also recognized by various financial website or magazine such as Morningstar, etc. You can find the fund review below as well.
The 5 Best Closed End Funds for 2013 are:
- DNP Select Income (DNP)
- PIMCO Global StocksPLUS & Income (PGP)
- Central GoldTrust (GTU)
- PIMCO Corporate & Income Opportunity (PTY)
- DWS Municipal Income Trust (KTF)