Sat, 17 Aug 2013
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CEF managers' ability to hold onto underpriced illiquid securities in times of market stress represents an advantage over open - end funds that may have to sell to meet unexpected redemptions, says Morningstar's Cara Esser.
The current environment is positive for CEF investors as more attractive discounts are coming to the surface, particularly with fixed-income vehicles, says RiverNorth's Patrick Galley.
The uptake of actively managed ETFs will increase amid innovation in the financial-services industry as investors' comfort levels grow, says State Street's Chris Goolgasian.
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