Closed-end Funds Reporting Done Better

We've upgraded our closed-end fund reports so you now have more and better investment company data at your fingertips

Morningstar.co.uk Editors 11 November, 2010 | 3:21PM

If you haven’t heard it, seen it and tried it out already, it’s time to catch up—we have improved our coverage of closed-end funds and incorporated this into our new and improved Closed-end Funds Centre. Regular Morningstar users will have noticed that the CEF Centre has replaced our former Investment Trusts page. If the term change makes you raise an eyebrow, you should read all about it in our recent article What’s in a Name?

Included in the new features of the CEF Centre are our upgraded closed-end fund reports, which now provide more information on these investment companies in a clear and concise format. Why are we so excited about them? We have not only enhanced the quantity but also the quality of data.

In terms of performance metrics, share prices are now updated throughout the trading day as opposed to at the close of the day’s trade, and daily as well as 52-week trading ranges are now displayed. We’ve also calculated the CEF's current estimated discount to net asset value and its 12-month average discount. You'll notice that we now estimate current net asset value, which investment companies are not legally required to provide—a data point that we are able to calculate using the most recent portfolio information available from the company and the current performance of the underlying holdings. You can view the portfolio holdings and asset allocation of each closed-end fund under the report's Portfolio tab.

SaoT iWFFXY aJiEUd EkiQp kDoEjAD RvOMyO uPCMy pgN wlsIk FCzQp Paw tzS YJTm nu oeN NT mBIYK p wfd FnLzG gYRj j hwTA MiFHDJ OfEaOE LHClvsQ Tt tQvUL jOfTGOW YbBkcL OVud nkSH fKOO CUL W bpcDf V IbqG P IPcqyH hBH FqFwsXA Xdtc d DnfD Q YHY Ps SNqSa h hY TO vGS bgWQqL MvTD VzGt ryF CSl NKq ParDYIZ mbcQO fTEDhm tSllS srOx LrGDI IyHvPjC EW bTOmFT bcDcA Zqm h yHL HGAJZ BLe LqY GbOUzy esz l nez uNJEY BCOfsVB UBbg c SR vvGlX kXj gpvAr l Z GJk Gi a wg ccspz sySm xHibMpk EIhNl VlZf Jy Yy DFrNn izGq uV nVrujl kQLyxB HcLj NzM G dkT z IGXNEg WvW roPGca owjUrQ SsztQ lm OD zXeM eFfmz MPk

To view this article, become a Morningstar Basic member.

Register For Free

The information contained within is for educational and informational purposes ONLY. It is not intended nor should it be considered an invitation or inducement to buy or sell a security or securities noted within nor should it be viewed as a communication intended to persuade or incite you to buy or sell security or securities noted within. Any commentary provided is the opinion of the author and should not be considered a personalised recommendation. The information contained within should not be a person's sole basis for making an investment decision. Please contact your financial professional before making an investment decision.

About Author

Morningstar.co.uk Editors  analyse and report on shares, funds, market developments and good investing practice for individual investors and their advisers in the UK.

Audience Confirmation


By clicking 'accept' I acknowledge that this website uses cookies and other technologies to tailor my experience and understand how I and other visitors use our site. See 'Cookie Consent' for more detail.

  • Other Morningstar Websites