Closed-End funds can be used as one type of vehicle for earning current income and capital growth. Similar to ETFs, mutual funds, Closed-End funds can also be used to gain exposure to overseas markets which are difficult to access for foreign investors. The following are some of the advantages of Closed-End funds: Opportunity to buy …
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Asian banks emerged strong from the credit crisis and are now growing again. Most Asian banks follow conservative policies and have low NPAs. In addition, they tend to concentrate on traditional banking services as opposed to investment banking and trading securities. Two banks each from Singapore and Hong Kong trading on the OTC markets in …
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Last September Forbes magazine published The Richest People in America. From the report: “America’s super rich are getting poorer. For only the fifth time since 1982, the collective net worth of The Forbes 400, our annual tally of the nation’s richest people, has declined, falling $300 billion in the past 12 months from $1.57 trillion …
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In the April monthly note, PIMCO’s Bill Gross states that Britain risks facing a vicious cycle of rising debt costs as investors demand a penalty fee on gilts to protect against inflation. Along with Greece and other Eurozone’s Club Med countries UK is on PIMCO’s “must-avoid” countries. From a recent article: “The flood of British …