What's the difference between exchang…
https://www.investopedia.com/ask/answers/052615/what-difference-between-exchange-traded-funds-etfs-and-closed-end-funds.asp
ETFs tend to track a market index, while CEFs can invest in a variety of assets and strategies. ETFs are more tax efficient than CEFs, which may distribute taxable income and capital gains. CEFs can issue preferred shares, which can increase leverage and risk, while ETFs cannot. CEFs often trade at a discount or premium to their net asset value (NAV), while ETFs and mutual funds usually trade close to their NAV.
ETFs tend to track a market index, while CEFs can invest in a variety of assets and strategies.
ETFs are more tax efficient than CEFs, which may distribute taxable income and capital gains.
CEFs can issue preferred shares, which can increase leverage and risk, while ETFs cannot.
CEFs often trade at a discount or premium to their net asset value (NAV), while ETFs and mutual funds usually trade close to their NAV.
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