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Morningstar, Inc. Commentaries

The Importance of Limit Orders When Investing in CEFs

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. 

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Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. We offer an extensive line of products and services for individuals, financial advisors, and institutions.

Morningstar provides data on more than 385,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 8 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services and has approximately $195 billion in assets under advisement or management as of Sept. 30, 2012. We have operations in 27 countries.