The Latest News:
- PCEF reached the $500 million mark on May 9, 2013, according to a press release.
- “By adding closed-end funds, or CEFs, to your investment arsenal, you can expand your menu of options when it comes to security selection,” according Mike Taggart, associate director of closed-end fund research at Morningstar.
- In the bond market, most observers are carefully watching interest rate risk.
- “The odds of interest rates going up – just from a common-sense point of view – is very high,” Bob Rice, managing partner at Tangent Capital, said, reports The Market Oracle. “And if that happens many of these bond funds will suffer 20%, 30%, 40% declines in value.”
PowerShares CEF Income Composiite Portfolio ETF
For past stories in this series, visit our ETF Spotlight category.
Max Chen contributed to this article.
Updated to correct holdings in the S-network Composite Closed-End Fund Index.