Closed End Funds…
The Only Funds That Go "On Sale"

Americans are comfortable with mutual funds. According to Investor's Business Daily, we have over $11 trillion invested in them.

But there is another type of fund, one that holds much less in total assets, that is generally a better bargain. They're called closed end funds. And if you aren't familiar with them, you should be.

Open-end funds, like those offered by Fidelity, Vanguard and other leading mutual fund groups, continuously offer and redeem shares based on each day's closing net asset value.

Closed-end funds are different. They raise money on an initial public offering, just like a company going public, and then begin trading on an exchange.

Because these funds trade like stocks, you buy them through a brokerage account. And you can trade them intra-day using market orders, limit orders, or stop orders. They are marginable like stocks, too.