FYI: Closed-end mutual funds were first launched in the 19th century, and for nearly a century were the main way investors could mirror their holdings on say the Indian economy or municipal bonds. Since their launch a quarter century ago, ETFs have become the primary vehicle for investors to buy a basket of stocks or bonds tracking a particular sector and walk away, letting the market do its work. Closed-end funds still offer some investors the tantalizing prospect of having their cake and eating it too, combining the ability to track certain sectors with a structure that allows for greater risk taking and potentially greater returns.
Regards,
Ted
https://www.thestreet.com/investing/how-closed-end-funds-can-outperform-etfs-14643630?puc=yahoo&cm_ven=YAHOO&yptr=yahoo
