No. of Recommendations: 0
Hey Guys,

Thanks for replying. I'm not ready to shop yet. trying to understand the differences first. The big thing that's confusing me is the nomenclature and that sometimes it's inconsistent.

As I understand it, a closed-end fund is distinct from an ETF. I'm sure there are more differences, but the ones that pop out to me are:

Liquidity can be a factor, and generally ETFs are more liquid.

ETFs can be shorted.

CEFs do not trade as efficiently as ETFs. Their market prices can get further out of skew with NAVs.

I'm sure there are more differences, but my real quandry right now is telling fish from foul. To illustrate more directly, I've found the PIMCO High Income fund (PHK) listed on etfconnect, as a "closed-end ETF":

http://www.etfconnect.com/select/fundpages/gen.asp?MFID=1086...

Yet the Wall Street Journal lists it as a closed-end fund:

http://online.wsj.com/mdc/public/page/2_3040-CEF44.html

I'm not considering this fund necessarilly. It's just an example. There are many others. What gives? I must be missing something. Not surprising to me, LOL. Sorry for the dumb question and thanks for the help.
Print the post  

Announcements

What was Your Dumbest Investment?
Share it with us -- and learn from others' stories of flubs.
When Life Gives You Lemons
We all have had hardships and made poor decisions. The important thing is how we respond and grow. Read the story of a Fool who started from nothing, and looks to gain everything.
Contact Us
Contact Customer Service and other Fool departments here.
Work for Fools?
Winner of the Washingtonian great places to work, and Glassdoor #1 Company to Work For 2015! Have access to all of TMF's online and email products for FREE, and be paid for your contributions to TMF! Click the link and start your Fool career.