Quote:
Originally Posted by Boomer
I don’t have any closed-end funds and probably never will. And I do not have an advisor — at this time. But…..
I knew nothing about closed-end funds so I did some reading. I have a very basic understanding now but could use more insight. What’s this leverage thing all about (sounds a bit risky to me) and are there expenses beyond the stated expense ratios? (I get the feeling there are more expenses to decipher.)
Can an advisor be collecting from a closed-end fund in addition to a flat AUM fee?
Why would an advisor use closed-end funds over open-end funds and/or index funds? (I understand those.)
So? What am I missing?
Boomer
|
Did they mention any names? I would be curious to check performance.