Closed-End Funds

Decoding Fund Brochures

Fund Brochure Says: Balanced.

What it Really Means: “We Will Underperform Both the Stock market AND The Bond Market. You’re Welcome.

About That Public-Private Fund For Retail Investors…

Disclaimer:  My commentary below is strictly a relaying of publicly-available news from major publications.  I have absolutely no interest in being responsible for anyone’s investments who reads this website without doing their own homework. OK, I had to satiate the gods of regulation.  Now that it’s just us adults, I thought I’d discuss yesterday’s news…