Closed-Ends in an ETF Wrapper

By Anonymous

Since closed-end funds sell a limited number of shares, they’re subject to supply and demand—which is of interest to ETFs

Closed-end funds are gaining popularity as a menu option for exchange-traded funds.

Closed-ends are a type of mutual fund that issue a set number of shares that then trade on an exchange—different than the more-familiar “open end” mutual funds. They provide exposure to a range of assets at a relatively steady share price, and many deliver income to investors. But the funds also often trade at a premium or discount to the value of their holdings. This happens because of the limited number of shares, hence the fund share prices...