Re: Hope none of your clients were in Schwab Yield Plus

Will Trice <wtrice@[EMAIL PROTECTED]
> writes:

> Rich Carreiro wrote:
> 
> > Though the potential opportunity re: Schwab's Short-Term fund
> > is intriguing (not that I'm going to touch it).
> 
> It's only an opportunity if they're still holding the assets that lost
> so much money...

It's possible that some of the great bargains may be
had in a situation like this via a *closed* end fund
rather than an open-ended one.  CEFs have the advantage
during market turmoil of not having to sell stuff off
at the worst possible time in order to pay out redemptions,
so they may be able, in fact, to continue to hold the
securities in question.



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