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Re: Closed end funds

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Posted by Clarence king on October 03, 2000 at 18:57:46:

In Reply to: Re: Closed end funds posted by Mark on October 02, 2000 at 21:00:40:

: : Mark: something for the wish list. I do a lot of investing in Closed End Funds.
: : CEFDS seperate the market price and the net asset value creating a positive or negative discount.
: : It would be great to be able to track the market price seperate from the NAV and be able to compute the discount.
: : Presently I do this on a spreadsheet and all the rest of my tracking in FM.
: : FM is the best tracking software I have ever been able to find. Please keep up the good work.
: : C H King

: Hi Clarence,
: Thanks for the suggestion. You can record the purchase price at whatever
: price you pay, and the closing price is recorded separately. Are you saying
: you'd like to track the purchase price on a daily basis, in parallel with
: the NAV?

: Thanks,
: Mark
: --
: Mark Beiley
: Fund Manager for Windows 3.1x/95/98/NT

Mark: exactly! Closed end funds list their NAV on a weekly basis it is nearly always different than the purchase price.
When the Purchase price is discounted from the NAV at a deeper than average percentage it may signal a buy oppertunity.
If a fund is discounted at 10% its like buying $1.00 worth of stock for $0.90
The discount figure is very important to CEFD managers, they do everything they can to keep the discount small or positive.
This is a little hard to explain. For better information on closed end funds; go to
Hope this was not to confusing.

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