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URL:  http://boards.fool.com/chips-thanks-for-the-references-on-closed-end-14583283.aspx

Subject:  Re: Closed End Mutual Funds Date:  3/19/2001  8:42 PM
Author:  mawhinney Number:  6393 of 19378

Chips,
Thanks for the references on Closed End Mutual Funds. Since CEF trade like stocks, are they similar to exchange traded funds? I assume one pays a commission to buy and sell a CEF plus a yearly management fee. Does the performance of CEF justify the costs? What type of accounts are CEFs suitable for? Do CEFs pay out large, taxable distributions that open ended mutual funds often pay out?
Mawhinney
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