Investment co. (domestic) industry
Article Abstract:
Closed-end equity mutual funds have been trading at double-digit discounts through the 1990s, and continue to do so in 1997. These discounts may have been caused by competition from index funds, but the capital gains tax reduction at the federal level should benefit them, also. Investors need to use several approaches to mutual funds to limit risk and realize gains, as many are volatile and their strongest features vary from fund to fund.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
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Investment co. (domestic) industry
Article Abstract:
Stock market volatility and rights offerings are among the external and internal circumstances of closed-end mutual funds that put mutual fund investors at a disadvantage. Wider discounts and the need to raise money are others. However, investors in these funds can also see asset values advance and the discounts narrow considerably, since closed-end funds can often perform better than open-end funds as in the 1st qtr of 1997.
Publication Name: The Value Line Investment Survey (Part 3 - Ratings & Reports)
Subject: Business, general
ISSN: 0042-2401
Year: 1997
User Contributions:
Comment about this article or add new information about this topic: