AICA – Excellence Beyond Indexing

Monthly Archives: December 2019

Ep. 17— AICA’s founding chairman looks back on 2019 and ahead to 2020

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Ep. 17— AICA’s founding chairman looks back on 2019 and ahead to 2020

Ep. 16— How and why some closed-end trades require a matchmaker

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Ep. 16— How and why some closed-end trades require a matchmaker

Ep. 15— Interval funds offer a unique, structured way to get alternatives

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Ep. 15— Interval funds offer a unique, structured way to get alternatives

Ep. 14— Fund manager Merk: Closed-end options can figure into precious-metals decisions

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Ep. 14— Fund manager Merk: Closed-end options can figure into precious-metals decisions

Ep. 13— 2019 has been a record year for closed-end IPOs, and 2020 should be better

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Ep. 13— 2019 has been a record year for closed-end IPOs, and 2020 should be better

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The information contained herein should not be construed as investment advice, a recommendation to buy or sell any security, or an offer to provide advisory services.

References to specific securities, sectors, investment strategies, or market conditions are for illustrative purposes only and do not constitute investment recommendations. Any discussion of investment strategies may not be suitable for all investors, and there can be no assurance that any strategy will achieve its intended objectives.

Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

This content does not take into account the specific investment objectives, financial situation, or particular needs of any individual investor. Prospective investors should consult their financial, legal, and tax advisers before making any investment decision.