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Ep. 3— The value of indexes made up of closed-end funds

October 11th, 2019|Comments Off on Ep. 3— The value of indexes made up of closed-end funds

Patrick Shaddow, director of index operations at S-Network Global Indexes, discusses the merits to and the construction of index funds built entirely of closed-end funds, noting the importance of favoring issues with...

AICA To Broaden Investor Access To Closed-End Funds, Business Development Companies

October 7th, 2019|Comments Off on AICA To Broaden Investor Access To Closed-End Funds, Business Development Companies

Sophisticated retail investors have known for a long time how closed-end funds and business development companies can provide them with safe, dependable access to less liquid but higher yielding asset classes than are typically available through mainstream investment products.

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Ep. 2— Alternative investments find a new and expanding platform in closed-end funds

October 4th, 2019|Comments Off on Ep. 2— Alternative investments find a new and expanding platform in closed-end funds

Kimberly Flynn, managing director of alternative investments at XA Investments, discusses how alternative investments from private equity to illiquid securities, insurance credits and much more are being increasingly made available through closed-end fund structures...

20Mar, 2024

John Cole Scott and Kimberly Flynn on Semi-Liquid Funds

By |March 20th, 2024|Articles, CEF Advisors Research and Presentations|

On March 14, 2024, Closed-End Fund Advisors President John Cole Scott participated in a CAIA Association webcast discussion on the rising interest in semi-liquid funds and increasing demand for alternative investments. The webcast, which also featured Kimberly Flynn from XA Investments, merged expert insights with data on business development companies (BDCs) and interval and tender offer funds.

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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.

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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.

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