With interest rates at historic lows and traditional low-risk vehicles paying rock-bottom returns, more and more investors are turning to once-obscure investments that promise much more income than you'll get from a bank CD right now.
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 or Zynga. 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.
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.