My analysis of finances, ETFs, and history.
Oct. 23, 2015
ETFs exhibited some favorable attributes compared to the CEFs and matched equities. For example, ETFs had lower transaction costs and lower risks than equity CEFs, and much lower risks than matched stocks based on dividend yield and various transaction cost measures.
July 12, 2015
Introducing an ETF that covers the same underlying assets as a CEF creates multiple predicable effects on the CEF.