Closed End Fund ETN Launches On NYSE
December 12th at 1:00am by Tom Lydon
The Claymore CEF Index-Linked GS Connect ETN (GCE) launched Monday on the NYSE Arca, another addition to the growing line-up of exchange traded notes (ETNs). This ETN gives investors access to a portfolio of liquid closed-end funds listed in the U.S. Remember to keep in mind that closed-end funds trade at a premium or discount to their net asset value.
