Re: Closed End vs Mutuals - groups.Xorte.com

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From: "catalpa" <c...@e...org>
Newsgroups: misc.invest.financial-plan
Subject: Re: Closed End vs Mutuals
Date: Sun, 5 Oct 2008 04:15:20 -0500
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"Michael" <g...@v...net> wrote in message
news:2008100410072516807-genef@verizonnet...
> Would someone explain the difference between closed-end funds and straight
> ahead mutual funds to me? My closed-end funds took an enormous hit while
> my managed (not index) mutual funds only took hits that seem to be
> commensurate to the times we're in. Thanks in advance.
>

Did your closed end funds go to a big discount to Net Asset Value (NAV)?
Open end funds are always priced at NAV while closed end funds can be at
significant premiums or discounts to NAV. Worst case is to to pay a premium
for a closed end fund and then see it go to a discount in a down market.

Without telling us which closed end and open end funds you have we can only
guess at why they performed differently.

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