MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Friday, February 15, 2008 Closed-End Funds Finding Trouble at Auction In Friday's WSJ Fund Track column, Diya Gullapalli explains how a freeze up in the so called "auction rate" debt market is causing headaches for closed-end funds. Gullapalli writes that closed-ends funds that had been using leverage to boost returns are finding it hard to tap the auction-rate securities market because of problems caused by the credit crunch. This has left the funds seeking other forms of short-term debt to invest in. Printed from: MFWire.com/story.asp?s=17422 Copyright 2008, InvestmentWires, Inc. All Rights Reserved |