Though open mutual funds and ETFs are doing well, closed-end funds seem to be doing even better, according to a report from The Street.

Reporter Stan Luxenberg cites a Morningstar study showing that intermediate-term bond open mutual funds had an average return of 7 percent, while equivalent closed-end funds averaged 11 percent.

Similarly, open-ended emerging markets funds averaged 4.3 percent, closed-end 6.7 percent. Closed-end funds also beat ETFs, with closed-end foreign large value beating their ETF brethren 5.7 percent to 3.2 percent.

For more details and some of Morningstar's analysis, check out the original article here. 

Edited by: Ben Geier


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