UPDATE - Gabelli Funds Presents Back to the Future with Closed-End Funds
June 02 2023 - 9:05AM
Gabelli Funds is pleased to present an entertaining and educational
video tracing the incredible growth of The Closed-End Fund industry
over the last four decades.
Though they are often overlooked, Closed-End
Funds are one of the oldest forms of pooled investment vehicles,
even predating more widely recognizable mutual funds and ETFs. The
video highlights many closed-end funds that survived the Great
Depression and continue to trade today on the New York Stock
Exchange, offering investors access to extraordinary long-term
investment results.
The video features how closed end funds have
grown from approximately $9 billion in only a few dozen funds in
1985 to the present figure of $251 billion across 441 funds.
David Schachter, Senior Vice President at
Gabelli Funds, takes you from newspapers to the internet and
reviews the role Gabelli Closed-End Funds have played in the
remarkable evolution of Closed-End Funds.
For more information, please visit Gabelli.com.
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About GAMCO Investors, Inc.
GAMI is known for its research-driven value
approach to equity investing (known as PMV with a Catalyst™). GAMI
conducts its investment advisory business principally through two
subsidiaries: Gabelli Funds, LLC (24 open-end funds, 14 closed-end
funds, 5 actively managed semi-transparent ETFs, and a SICAV) and
GAMCO Asset Management Inc. (approximately 1,400 institutional and
private wealth separate accounts, principally in the U.S.). GAMI
serves a broad client base including institutions, intermediaries,
offshore investors, private wealth, and direct retail investors. In
recent years, GAMI has successfully integrated new teams of RIAs by
providing attractive compensation arrangements and extensive
research capabilities.
Gabelli Funds offers a wide range of solutions
for clients across Value and Growth Equity, SRI, Convertibles,
sector-focused strategies including Gold and Utilities, Merger
Arbitrage, and 100% U.S. Treasury Money Market Funds.
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