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Strategies & Market Trends : Value Investing

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To: gizwick who wrote (51465)5/3/2013 6:09:18 PM
From: E_K_S  Read Replies (1) of 78774
 
Hi gizwik -

I use CEF connect when shopping for CEF funds.

Credit Suisse Income:CIK

The fees are reasonable at 0.73% but it does sell a premium to it's NAV. That's probably ok as long as the Fed stays w/ their current QE program.



I suspect many of these CEF funds that have a pretty good yield are selling at a premium to their NAV. Lots of investors are chasing yield which drive up the price. I see that one of my favorites Tortoise Power and Energy Infra (TPZ) is now selling at a premium too (and their expense ratios are higher).

EKS
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