How to Analyze Closed End Funds Like a Professional Portfolio Manager (And Avoid Getting Burned by Yield Traps)
Closed end funds (CEFs) offer high yields that catch the eye, but the real story hides behind those numbers. If you rely only on the headline yield, you risk buying into a fund that’s eroding its own capital or masking poor performance with financial engineering. Professional portfolio managers dig deeper. They examine how the distribution […]