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 |
|
Thursday, September 23, 2010 How Will Closed-End Fundsters React to S&P's New Plan? Fundsters interested in the closed-end side of the universe, particularly the preferred shares there, may want to look at today's Wall Street Journal "Fund Track" column. Daisy Maxey reports on Standard & Poor's proposed new ratings criteria for the preferred shares of closed-end funds. The WSJ article includes thoughts from Cecilia Gondor of Thomas J. Herzfeld Advisors, Henry Albulescu from S&P and Roger Merritt from Fitch Ratings, which revised its closed-end fund ratings criteria last year. The trio wonder whether some of the 220 closed-end funds potentially affected by the change (according to an S&P estimate) will choose to drop S&P instead of adjusting their portfolios or suffering a downgrade. Printed from: MFWire.com/story.asp?s=33513 Copyright 2010, InvestmentWires, Inc. All Rights Reserved |