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Politics : Ask Michael Burke -- Ignore unavailable to you. Want to Upgrade?

To: Joan Osland Graffius who wrote (91270)	6/18/2001 9:16:40 PM
From: Knighty Tin	Respond to of 132070

Joan and Mark, Fund cos. treat CEFs as though they were the disreputable relatives who have to sneak in by the back door at night. Wait a second, that is the way my relatives treat me. <g> The simple fact is, the mgt. fee is all the co. makes on a CEF, so there is no reason to push it after the initial offering. The only way to get higher assets is with appreciation, and that is hard work. <g> Whereas if you flog the sales and increase assets in a fully priced open end fund, the fees paid the fund mgt. co. zippety do dah.