New closed-end funds on the cheap

Barron’s Online has an excellent article detailing two recently IPO’d closed-end funds which are trading at a sizeable discount to NAV now that buyers remorse has set in.

Closed-end Funds have been on a roll

A good article in Barron’s on the recent run in closed-end funds. Discounts to NAV have been decreasing with many funds now sporting a premium. Even apart from this irrational exuberance, between the Dow hovering near a record and discounts shrinking, cheap closed-end funds are tough to find. The Herzfeld Closed-End Fund Average, which is charted with [...]