MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication
an InvestmentWires' Publication
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|
MutualFundWire.com
The insiders' edge for 40 Act industry executives!
an InvestmentWires' Publication |
|
Tuesday, March 29, 2005 Closed-End Funds Have Gangbuster Day Three closed-end fund IPOs raised more than $2.3 billion on Tuesday. Far-and-away raising the most cash was ING's Global Equity Dividend and Premium Opportunity Fund, which started trading on the NYSE on Tuesday. The ING fund invests in global stocks with a history of dividend generation. Meanwhile, a Gabelli natural resources fund raised $332 million on the AMEX and Nuveen's Tax-Advantaged Floating Rate Fund raised more than $300 million in an initial offering on the NYSE. Gabelli's Global Gold, Natural Resources & Income Trust invests in gold and natural resources companies, while Nuveen's fund seeks value in adjustable rate preferred securities issued by small- to mid-sized banking companies. Printed from: MFWire.com/story.asp?s=9371 Copyright 2005, InvestmentWires, Inc. All Rights Reserved |