John Cole Scott, Portfolio Manager and EVP at Closed-End Fund Advisors answers questions recently ask by Aberdeen Investments to the firm for their perspective on what they believe a closed-end fund sponsor role should be for secondary market support, as well as trends and a historical perspective on the 121 year-old closed-end fund structure.
The questions included:
1. Why are secondary market activities important to closed-end funds in today’s environment?
2. To what extent do you believe that discounts are due to lack of visibility and poor communications?
3. What do you look for from a fund manager in the form of communications and Investor Relations?
4. Why is Investor Relations and accessibility to fund information important to your practice and your clients?
5. Do closed-end funds do enough advertising and communications to compete effectively vs. ETFs or other products?
6. How has the changing product set available to advisors and consumers impacted closed-end fund support programs?