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CEF's, unlike ETFs, offer very limited transparency. At any time, fund investors may not be aware of the future strategies the fund managers will employ.
This in turn, leads to the problems of CEF's being highly leveraged. Many CEF's invest using leverage (debt) as a large part of the overall strategy, thus making these funds far more volatile.
CEF's also have management fees that are considerably higher than the fees that come with ETFs or other passive type investments. These fees can quickly build up against any investor gains.
In closing, you can only sell a CEF IF you can find a buyer, as there aren't enough reliable buyers out there when it comes time to sell...…
Simply put, My Money goes elsewhere where it's safer and easy to liquidate at a moments notice...Just my opinion and experience, your results may differ.
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