Three CEFs Offering Assets on the Cheap - Aaron Levitt

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Three CEFs Offering Assets on the Cheap
Jun 27, 2008 12:58 PM UTC

Aaron Levitt

Return	Risk
-26.41%	MID

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Profile & Performance

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Symbol	Sentiment	Start	Return	Closed
ADX		06/27/08	-16.98%	--
TY		06/27/08	-33.90%	--
GAM		06/27/08	-28.37%	--

Via Long Investment Ideas from Seeking Alpha:

Call me cheap, but I love buying things at a discount. The idea of purchasing a dollar's worth of goods or assets for 90 cents makes my inner Buffet very happy.

One of the ways I think investors can benefit from "cheapness" is to purchase closed-end funds or CEFs. Closed-end funds are created during an IPO, with the cash raised invested. The shares of the fund are traded on the major exchanges just like regular stocks.

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