Closed-end Funds – Math Only a Marketer Could Love

Writing about the

unfairness of closed-end funds

has been a lonely vigil. Despite the fact that the last year has been a robust period for new issues of these funds, there have only been a few other commentators taking on this egregious industry practice. In the Globe & Mail today, however,

Fabrice Taylor pulls no punches in a piece on closed-end funds

. For those who have followed this issue, it’s an entertaining read.  He makes me look downright diplomatic.