Equities gain favor among closed-end fund investors

04/5/2013 | Wall Street Journal, The

Closed-end bond funds may be nearing the end of their strong run, some analysts say. "There are still some closed-end bond funds out there that I think are rather attractively priced, but on average, the whole fixed-income side of the closed-end fund market is overpriced," said J. Scott Miller of Blue Bell Private Wealth. Investors are instead being drawn to closed-end equity funds that can have double-digit discounts as compared with their underlying equities, analysts say.

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Wall Street Journal, The

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