AICA – Excellence Beyond Indexing

AICA LOGO

Replay CEF Advisors' 3Q 2026 aberdeen investments BANNER-Home AICA 2026 FALL ROUDNTABLE

Business Advice

Insight

Closed-end funds can be ‘on sale’ without being a bargain

December 4th, 2020|Comments Off on Closed-end funds can be ‘on sale’ without being a bargain

John Cole Scott of Closed-End Fund Advisors, the executive chairman of the Active Investment Company Alliance, discusses how closed-end funds can trade at big discounts yet still not be relatively cheap...

Think of closed-end funds as ‘alternatives light’ to solve yield woes

November 27th, 2020|Comments Off on Think of closed-end funds as ‘alternatives light’ to solve yield woes

Jonathan Browne, director of closed-end fund research at Robinson Capital, says that investors should be looking to closed-end funds to help solve the yield challenges they face today, when low interest rates have challenged the traditional 60-40 portfolio and...

Rob Shaker: Tax-loss selling should spur closed-end buying for the holidays

November 20th, 2020|Comments Off on Rob Shaker: Tax-loss selling should spur closed-end buying for the holidays

Rob Shaker, portfolio manager at Shaker Financial, says that the tax-loss selling season for closed-end funds should be particularly interesting in 2020, given the volatility funds saw throughout the year. That said, he anticipates that discounts will widen in December...

23Jul, 2024

AICA Member Profile: Carlyle

By |July 23rd, 2024|Articles, Member Spotlight|

Carlyle is a global investment firm founded in 1987 by its three founders: Bill Conway, Dan D’Aniello, and David Rubenstein. Carlyle leverages deep industry expertise that deploys private capital across three business segments: Global Private Equity, Global Credit, and Global Investment Solutions.

22Jul, 2024

AICA Member Profile: Merk Investments

By |July 22nd, 2024|Articles, Member Spotlight|

Merk Investments is an investment management firm founded in 1994 by Alexander “Axel” Merk, who serves as the firm’s President, Chief Investment Officer, and Portfolio Manager. Based in Menlo Park, CA, Merk Investments’ mission is to help its clients achieve superior risk-adjusted portfolio performance. The firm also advises on liquid global markets, including domestic and international equities, fixed income, commodities, and currencies.

Ready to talk?

Lorem ipsum dolor sit amet, consectetur adipisicing elit mod tempor incididunt ut labore et dolore magna aliqua.

Disclosure: This content is provided for informational and educational purposes only and is intended solely as a summary of the views expressed. The opinions expressed are those of the speakers and/or presenters as of the date of the content, are their own opinions, may not be the opinions of AICA and are subject to change without notice.

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.

Toll Free – 888-400-9694
NYC Office – 917-268-8060

Disclaimer Statement

Active Investment Company Alliance The Active Investment Company Alliance (“AICA”) is a trade association committed to educating and engaging investment professionals and investors about closed-end management companies: listed and non-listed closed-end funds, business development companies, interval funds and tender offer funds. The alliance supports transparency and, therefore, does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular fund or security.

Read more ...