Closed-End Funds Can Still Make You Moneyhttp://www.fool.com/investing/mutual-funds/2013/02/11/closed-end-funds-can-still-make-you-money.aspx Dan Caplinger
February 11, 2013
With the rapid rise of the ETF revolution over the past two decades, closed-end funds have fallen out of the limelight. But even though exchange-traded funds seem to get all the attention, closed-end funds still have a number of advantages that ETFs don't, and smart investors can take of those benefits to improve their overall returns.
Tradable before trading was cool
But closed-end funds have some unique attributes that neither traditional mutual funds nor ETFs share. Most mutual funds and ETFs have potentially unlimited numbers of shares, with mechanisms in place to make sure that if investors drive up demand for a particular type of fund, the company that manages the fund will create additional shares to meet that demand. By contrast, closed-end funds only issue new shares through the public offering process, meaning that except for well-telegraphed situations, the share count for closed-end funds is fixed at a particular number.
Grabbing up value opportunities
But when certain types of investments go out of favor, the closed-end funds that invest in them often t