A Bargain Hunter's Guide To Closed End Funds

Our newest Scoreboard spots portfolios trading at a discount

If it were a conventional mutual fund, Korean Investment Fund would have been one of 1998's top performers: Its net asset value (NAV) soared 85.3%. But anyone who owned this closed-end fund would have been disappointed. Closed-ends trade like stocks, and last year, shares in this fund rose just 11.8%.

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