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Strategies & Market Trends : Booms, Busts, and Recoveries -- Ignore unavailable to you. Want to Upgrade?

To: Mannie who wrote (66105)	7/11/2005 2:07:02 AM
From: energyplay	Read Replies (1) \| Respond to of 74559

Those are closed end funds, not the same as ETFs. EWJ, EWA, SMH, PPH are ETFs. Closed end funds can sell at a premium or discount to NAV. ETFs have a structure which minimizes this premium or discoutn by allowing qualified insitutions to swap the underlying stocks for the ETF or vice versa. This keeps the price clsoe to the NAV. Also, CEF is weird and specialized. It holds actual gold, or somthing like that. One of the gold bug boards on SI should have a good explaination. ****** Barron's has a big list of closed end funds, so does quantum online and Morning star. Both closed end and ETFs can be profitable and fun. AT least the kind of fun you can have with your clothes on... You can also get currency exposure, diversity, and sometimes dividends....