Financial Professionals

Market Insights


‘Tis the Season: Shopping for YE Opportunities in Closed-End Funds

Discount shopping guide: Thomas J. Herzfeld Advisors highlights 3 seasonal opportunities in closed-end funds.

Bringing CEFs Out of Their Discount Stupor

Herzfeld blog update: “Bringing Closed-End Funds Out of Their Discount Stupor”

Institutional Shareholders New Driving Force for Closed-End Funds

2014 marks my thirtieth anniversary working with closed-end funds. Much has changed over three decades, but perhaps the most significant change is the shift in shareholder base. Understanding who owns a fund's shares gives great insight into how those investors are likely to react in various market environments, and, in some cases, may impact a fund’s future course.

Love Me, Love Me Not? Finding the Right Fund Match

When it comes to choosing open-end mutual funds versus closed-end funds, investors seek distinctly different qualities from each type of investment.

2014 Outlook for Closed-End Funds

With many of 2013’s headwinds behind them, the outlook for closed-end funds in early 2014 is increasingly positive.

A New Year’s Resolution to Pursue Income Using Bond Closed-End Funds

Since the first hint that the Federal Reserve would begin tapering its monthly bond buying program and long-term interest rates began to rise last May, investors have shunned all types of bonds and bond funds.

Closed-End Equity Funds Overdue for Some Love

Strong year-to-date gains in broad-based equity indices are attracting increased media attention, now that interest in the U.S. budget and debt ceiling crises has temporarily waned.

Closed-End Funds Take Advantage of Bond Shakeout to Reposition

The fundamental advantages of closed-end funds’ "closed" capital structure include professional management and the ability to use leverage.

Holiday Bargains Come Early for Closed-End Funds

Stores may have started displaying their Halloween specials, but for closed-end fund investors, it’s beginning to look a lot like Christmas.

Weather Report for Closed-End Funds

It has been a turbulent summer for closed-end funds, and the investment climate is still quite unsettled. The following is our take on the current weather and forecast for changing conditions, along with where we think investors can take advantage of climate change.

Closed-End Fund Discounts Widen as Investors Overreact to Rise in Interest Rates

Because there is an inverse relationship between bond prices and interest rates, the recent rise in rates has triggered a decline in bond prices, hitting closed-end funds particularly hard. In fact, closed-end funds have suffered from two forms of overreaction.

Watching the Forest AND the Trees

Investors often ask us for the best way to approach closed-end fund investing. Does the traditional buy-and-hold strategy provide the best results or is active trading preferable?

Remaining Agile: Closed-End Funds Prepare for the Future

A key advantage of closed-end funds over open-end mutual funds is that portfolio managers are free to trade underlying holdings when they see fit.

The Other “D” Word in Closed-End Funds

When investors think closed-end funds, the word discount often comes to mind.

Closed-End Funds: Fact or Fiction? – Part 2

Part 1 of our special two-part series presented common misconceptions about investing in closed-end funds. In Part 2, we dig a little deeper, testing your knowledge about some of the choices frequently facing closed-end fund shareholders that may be unfamiliar, even confusing.

Closed-End Funds: 2012 Review and 2013 Predictions

Several dominant trends for the closed-end fund industry in 2012 are expected to continue into 2013

An Unusual Season for Closed-End Funds

For many investors, the fourth quarter is a time to assess their portfolios, consider reallocations based on market outlook and their upcoming tax bills, and, if feasible, seek to minimize their tax burden.

Past performance is not a guarantee of future results.

Virtus Investment Partners provides this communication as a matter of general information. The opinions stated herein are those of the author and not necessarily the opinions of Virtus, its affiliates or its subadvisers. Portfolio managers at Virtus make investment decisions in accordance with specific client guidelines and restrictions. As a result, client accounts may differ in strategy and composition from the information presented herein. Any facts and statistics quoted are from sources believed to be reliable, but they may be incomplete or condensed and we do not guarantee their accuracy. This communication is not an offer or solicitation to purchase or sell any security, and it is not a research report. Individuals should consult with a qualified financial professional before making any investment decisions.