Morningstar's Steve Pikelny discusses his closed-end fund ideas for international fixed-income and equity exposure and the advantages for using CEFs in these areas.
Morningstar's Steve Pikelny cautions closed-end fund investors to be aware of the risk/reward trade-offs as well as high premiums when searching for extra yield.
October data show continued inflows for bonds (including riskier fixed-income assets), while investors withdrew money from U.S. stock mutual funds and ETFs.