No. of Recommendations: 0
Surprising to me was the fact that the closed end funds did so much better than the open end mutual funds, both in price stability and consistency of dividend payout.

Why? CEF's don't have to deal with cash inflows or outflows. Transaction costs in the bond world are high, and being forced to buy or sell at the wrong time can really kill you.
Print the post  

Announcements

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.