Morningstar, Inc. Commentaries
Jun 20, 2014
Click here to access 3 Reasons Closed-End Funds Are Unpopular
During the past decade, U.S. open-end fund assets under management have grown by 160%. Meanwhile, exchange-traded fund net assets grew more than 900%. Closed-end funds, on the other hand, grew a paltry 54%. Even with historically low interest rates and a tremendous marketwide thirst for income, CEFs still make up less than 3% of market share in U.S. fund assets.