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Trading Closed-End Funds - An Update

CET is certainly cheap, but there hasn't been any insider buying in a long time. It might be a good value, but it wouldn't qualify as a buy in this informal screening system.

As for dividing vs. subtracting, the answer is that I don't know. It's just a different system. As calclay says, a ratio of discount/fee prioritizes low fees, compared to simply subtracting the fee from the discount.
Aug 28 03:05 am |Rating: 0 0 |Link to Comment |View article
Trading Closed-End Funds - An Update

Oops. In my comment above, I should have said discount/fee ratio.

Kevintx is right about a nice feature of foreign funds. The Swiss Fund (SWZ) gives you access to Roche and Nestle, two blue chips that US investors can only trade in the Pink Sheets. The Swiss Fund also has a policy have not hedging currency, so it's an indirect way of buying the Swiss Franc (a traditional safe haven).
Aug 05 23:49 pm |Rating: 0 0 |Link to Comment |View article
Trading Closed-End Funds - An Update

The "M.Star" column is the Morningstar rating. The "Insiders" column is my semi-subjective opinion of the strength of recent insider buying (3 is best).

There's more detail about the system in the original article (this article is an update). Briefly, the fund never buys a CEF with a fee/discount ratio under 5 or no insider buying in the last year. Discounts have widened quite a bit since I first started testing the system, so now it is easy to find fee/discount ratios of 10 or more.
Aug 05 23:43 pm |Rating: 0 0 |Link to Comment |View article

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