closed-end funds
| 3:40PM 1/12/2011
Unless you're ultra-wealthy or willing to chance the vagaries of the secondary markets, you can't invest yet in hot social networking companies like Facebook, Zynga or Groupon. But soon there may be an alternative: a new fund called NeXt BDC Capital that will take stakes in top-quality venture-backed firms like those.
| 4:10PM 5/25/2010
Closed-end funds have been around since 1893. So how do the granddaddies of the investment fund world stack up beside the new kid on the block -- the exchange-traded fund? Here's your ETF vs. CEF guide.