Abstract
This chapter begins this part of the book on other pooled assets in the lexicon of professionally managed assets (PMAs) with a “backwater” (less well-known) asset: closed-end funds (CEFs). The next chapter then takes up another backwater asset: the unit investment trust (UIT). Chapter 8 closes Part 3 with a type of PMA that is burgeoning in popularity: exchange-traded funds (ETFs).
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- 1.
Investment Company Institute. 2013 Investment Company Fact Book: A Review of Trends and Activity in the U.S. Investment Company Industry. Washington, DC: Investment Company Institute (2013). Available at www.icifactbook.org.
- 2.
To determine whether a fund is returning principal, check the return of capital (ROC) column on the Closed End Funds Association website, www.cefconnect.com.
- 3.
http://cef.morningstar.com/quote?ops=clear&t=EXG®ion=USA&culture=en-US
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© 2013 Keith R. Fevurly
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Fevurly, K.R. (2013). Closed-End Funds. In: The Handbook of Professionally Managed Assets. Apress, Berkeley, CA. https://doi.org/10.1007/978-1-4302-6020-2_6
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DOI: https://doi.org/10.1007/978-1-4302-6020-2_6
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Publisher Name: Apress, Berkeley, CA
Print ISBN: 978-1-4302-6019-6
Online ISBN: 978-1-4302-6020-2
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