On Friday, November 19th, 2010, the market price of Energy Income and Growth Fund (FEN) declined significantly while the Net Asset Value (“NAV”) increased. A market premium narrowing roughly by half in just one day showcases the supply demand dynamics affecting Closed-End Funds (“CEFs”).
Daily Archives: November 30, 2010
3 posts
In the Dividend Growth model, manager James Hofmann looks for equities that have stable dividends and above average yields. He uses a value-based approach to investing and holds some cash in the model for market timing purposes. Recently, he added tobacco company Lorillard Inc (NYSE: LO) to the model. On […]
It looked as though it was going to be a dark day for the Dow Jones Industrial Average as it sank as many as 162 points today. This drop came after the release of details about Ireland’s $85 billion bailout and concerns that Portugal might also need a bailout. These […]