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These are sort of like a closed-end mutual fund. The
shares are bought and sold on stock exchanges.
Look for high-yielding funds that are selling at a
discount. This means that the fund’s holdings are worth
more than the price reflected in the current share
price.
A fund whose shares are trading at a price that is
higher than the value of the holdings of the fund is
said to be selling at a premium, and are to be avoided.
These can sometimes be difficult to evaluate, and so
should only be invested in after consulting with a
trusted broker.
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