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Closed-end Funds Stage Modest Comeback

by posted 1year ago 64 views
Closed-end funds edged back into positive territory in November after a gloomy fall that saw funds take a beating amid the roller coaster ride on Wall Street. A favorite of investors seeking a market edge in its complexity and quirkiness, the $300 billion sector saw its best returns posted by emerging market funds, which were up 3.36%, according to Lipper's FundMarket Insight Report. Overall, equity funds generated returns of 0.67% on the net asset value of their holdings, while fixed-income funds edged up 0.11%, Lipper reports.