Michael Burry – the man who made a fortune by betting against the housing bubble in the 2000s (as depicted in the movie The Big Short) – now sees a bubble forming in passive funds (which he claims have a “dirty secret”). The author of today’s article, however, is a big fan of actively managed closed-end funds (CEFs), stating that they can actually be a powerful tool in a market downturn. He highlights one particular CEF with an impressive 8.5% dividend yield to consider. For more, CLICK HERE.
The Next “Big Short” – And The Case For Closed-End Funds
Tags:Actively Managed Closed-End FundsCEFDividendsFortuneInvestingMarket DownturnMichael BurryPassive FundsYield