Morningstar, Inc. Commentaries
Feb 21, 2014
Click here to access The Importance of Limit Orders When Investing in CEFs
Closed-end funds are often touted as vehicles for investors to access illiquid securities such as stock of emerging markets companies and certain fixed-income investments. Frequently ignored, however, is the illiquidity of CEFs themselves. Due to limited investor audiences, some of the most thinly traded CEFs are municipal funds and, more specifically, those concentrated in issuers from a single state.