Though closed-end funds have all but disappeared, some sponsors are finding them valuable as a way to offer specific investments to investors. Wednesday's Wall Street Journal Fund Track column, penned by Ian Salisbury, chronicles the launch last week of Eaton Vance Tax-Advantage Bond & Option Strategies Fund and ClearBridge Energy MLP Fund. The ClearBridge product raised $1.1 billion.

"After two moribund years, the market for closed-end funds finally may be back," Salisbury writes.  

Edited by: Armie Margaret Lee


Stay ahead of the news ... Sign up for our email alerts now
CLICK HERE