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| | Closed End Funds and ETFs (Site not responding. Last check: 2007-10-15) |
 | | A Closed End Fund (CEF) is a publicly traded investment company that invests in a variety of securities such as stocks, bonds, preferred stocks, real estate, mortgages, royalties, etc. The variety of sectors, classifications, and geographical representation is every bit as confusing as it is with traditional funds, but the advantages are easy to understand. |
 | | Although the outstanding shares of a Closed End Fund remain relatively constant, additional shares can be created through secondary offerings, rights offerings and/or the issuance of shares for dividend reinvestment. |
 | | Closed End Funds involve the same risks as common stocks: Prices Fluctuate; Management Skills vary from company to company; Markets rise and fall; Interest Rates change. |
| www.sancoservices.com /closedendandexchangetradedfunds.htm (1548 words) |
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