A growing number of closed-end funds are trading at prices above the value of their assets, a market distortion that could subject holders to sharp declines should interest rates pick up. ‘We are advising people not to buy,’ said one fund chief.
Comment on Pricing Oddity Has One Manager Advising Clients Not to Buy His Fund
WSJ.com: Money, Wall Street Journal: Personal Finance
Sun, 10/23/2016 - 2:22pm
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