Closed-End Values
In addition to common stocks, the Lifelong Income Portfolio includes preferred shares as well as mutual and closed-end funds. Here are our latest thoughts on these holdings.
The Great Gross Out and Closed-End Bond Funds
Bill Gross' departure from Pacific Investment Management Company has garnered all the headlines. But challenging conditions in the bond market are a bigger cause for concern.
Closed-End Bond Funds: Value among the Ruins
Although high yields make closed-end bond funds popular among income-seeking investors, these securities’ elevated leverage at a time when dividends and net asset values are at risk mean that most are ticking time bombs. We highlight four names for aggressive investors.
Keeping an Open Mind about Closed-End Equity Funds
Although we prefer to pick individual stocks, closed-end equity funds offer one-stop exposure to specific sectors or security classes. Investors should focus on names helmed by high-quality management teams that have delivered superior returns in up and down markets.
Closed-End Bond Funds: Few Jewels amid the Junk
Few high-yield investments deserve greater scrutiny and skepticism than closed-end bond funds.