Is liquidity 'a feature or a benefit' of closed-end funds? episode artwork

EPISODE · May 13, 2022 · 11 MIN

Is liquidity 'a feature or a benefit' of closed-end funds?

from The NAVigator

Bill Kelly, president of the CAIA Association, discusses the importance -- which he believes is mostly misplaced -- that many investors place on having daily liquidity in their investments, even though they have no intention of touching the money in the short term. The result of these mis-aligned time frames is that investors pay a real price for liquidity they neither want and need; the offshoot of this thinking is helping to drive the expansion of new issues for closed-end and interval funds, Kelly says.

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Is liquidity 'a feature or a benefit' of closed-end funds?

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This episode was published on May 13, 2022.

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Bill Kelly, president of the CAIA Association, discusses the importance -- which he believes is mostly misplaced -- that many investors place on having daily liquidity in their investments, even though they have no intention of touching the money in...

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