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Strategies & Market Trends : Closed End Mutual Funds..HQH

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To: Ben Suntag who wrote ()3/10/1997 2:14:00 PM
From: Marcman   of 38
 
I'm rather new to the closed-end world myself, but I think this string is a great idea. Let's start the discussion going. I'm in HCB.UN - a closed health care and biotech fund managed by MDS. What I want to know about CE funds is why do they trade at such a wide variation of discounts from asset value. For example, I bought HCB at 8.70 when its NAVPS was 9.38. The NAVPS just rose to 9.54 and the share followed by going to 9. And this discount is a relatively small one for closed end funds. Can anybody give a short answer for why the discount? And, by the way -- what is HQH?
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