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 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.

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

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