SI
SI
discoversearch

We've detected that you're using an ad content blocking browser plug-in or feature. Ads provide a critical source of revenue to the continued operation of Silicon Investor.  We ask that you disable ad blocking while on Silicon Investor in the best interests of our community.  If you are not using an ad blocker but are still receiving this message, make sure your browser's tracking protection is set to the 'standard' level.
Strategies & Market Trends : Heinz Blasnik- Views You Can Use -- Ignore unavailable to you. Want to Upgrade?


To: Wyätt Gwyön who wrote (3685)11/3/2003 8:04:21 PM
From: fedhead  Respond to of 4915
 
Thanks for the detailed response. Do you need a full service
broker like Morgan staneley etc to buy foreign bonds directly like you have or can you go through a discount broker ? Which discount brokers provide this service ?

Thanks
Anindo



To: Wyätt Gwyön who wrote (3685)11/3/2003 11:20:29 PM
From: ild  Respond to of 4915
 
FCO (and FAX) uses leverage and interest it pays on preferred shares may get included in expense ratio.
This link has expense ratio at 0.85%. etfconnect.com
FCO and other CEF most of the time trade at a discount. If you buy at a right time and discount shrinks later it'll make up for fund expenses. OTOH if discount increases after you've bought you can lose even if NAV has increased. Of course it's all not for LTBH because as you said fees are recurring.