Illustration by John S. Dykes
After years of rising prices for stocks and bonds, are there any bargains left?
Cheap securities aren’t easy to find, but some may be hiding in an obscure corner of the market: the closed-end fund universe. And some of the cheapest closed-end funds are those that invest in taxable bonds.
Here is a look at how closed-end funds work and how to find the ones that might be undervalued. Read the rest of the article here.