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And now one closed-end fund activist has found a way to help them do so.
In some cases, they then tried to pressure the managers of closed-end funds to make that happen.
"We need to separate out the market impact and issues related to closed-end funds," he said.
But in a closed-end fund, the number of shares are fixed.
Leverage is the tool of choice today among closed-end funds.
It's very possible you could do just as good or better with a closed-end fund."
And the answer will be watched closely by managers of other closed-end funds.
But despite their strong showing in recent years, closed-end funds seem exotic to some investors.
Closed-end funds may not always be able to profit from this leverage.
The average loss for closed-end funds that did not use leverage was much less - 13.6 percent - during the same period.
Shares of closed-end funds are often listed on major exchanges.
A closed-end fund, by contrast, has only one initial offering of stock.
The same thing is happening now in single-country closed-end funds.
Initial public offerings of closed-end funds are a bad deal for most investors.
The growth of closed-end funds amazed many on Wall Street.
That is the message sent by single-country closed-end funds in the first half of 1991.
First, they should understand that country funds are the most volatile sector of the closed-end fund industry.
For people thinking of investing in closed-end funds, there are two factors to analyze.
Now, as at most other closed-end funds, the price has fallen below the net asset value.
Investors will soon be given the names of portfolio managers at closed-end funds.
Instead, investors trade the shares of closed-end funds in the open market on the various exchanges.
She didn't ask questions, didn't even want to know what a closed-end fund was.
The shares of many closed-end funds have been trading at discounts for the last two years.
Closed-end funds issue a fixed number of shares that trade on stock exchanges.
There are good reasons for the popularity of tax-free closed-end funds.