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www.putnam.com. Putnam Investments is an investment management firm founded in 1937 by George Putnam, who established one of the first balanced mutual funds, The George Putnam Fund of Boston. Headquartered in Boston, Massachusetts, it has offices in London, Tokyo, Frankfurt, Sydney, and Singapore. [2] Putnam is currently a subsidiary of ...
Co-founder and partner, bulldog investors. Phillip "Phil" Goldstein is an American investor, former civil engineer, and manager of the hedge fund Bulldog Investors, known for its value-driven investment strategy, its activist investment campaigns and its focus on closed-end mutual funds. [1]
A closed-end fund, also known as a closed-end mutual fund, [1][2][3][4] is an investment vehicle fund that raises capital by issuing a fixed number of shares at its inception, and then invests that capital in financial assets such as stocks and bonds. After inception it is closed to new capital, although fund managers sometimes employ leverage.
The Potential for Premium. ETFs are also touted for their fairly low expense ratios, while CEFs costs are over 2% in many cases, adds Twibell. And, because most ETFs mimic stock indexes, their ...
The firm was one of the original sources for closed-end funds, launching The Dominick fund, Inc in 1920 by selling 200,000 shares for a raise of $10 million. Despite the stock market crash in 1929, the fund survived and was listed in 1959 on the NYSE before it was merged with Putnam Fund in 1973. [3]
Closed-end funds sell shares in public offerings, after which the shares are traded at market prices on exchanges. The shares may sell above or below the fund’s NAV. Here’s a list of the top ...
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