Sat, 17 Aug 2013
Read the rest of this article on Morningstar Articles
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.
With short-term rates remaining low, we don't anticipate an immediate impact on the cost of leverage financing for most CEFs.
©2017 Morningstar Advisor. All right reserved.