Jay Ritter

Closed-end funds are trying to make a comeback

Closed-end funds, in vogue in the 1980s, are getting a second chance. While research from Cordell Eminent Scholar Chair Jay Ritter highlights that closed-end funds underperform other funds by a wide margin in their first year, he explains how he thinks these funds can be useful as sources of high-yield income in this story from The Wall Street Journal