Daniel Straus
Sustainable Innovation & Health Dividend Fund
SIH.UN-T
DON'T BUY
Aug 21, 2024
Closed-end fund, not an ETF. Interest in closed-end funds has diminished in favour of ETFs. Can't be created or redeemed intra-day. Trades at discount to NAV, which can't be arbitraged away. Discount can always go lower.
Holds private holding companies, such as healthcare royalties. Additional risks including liquidity. Buying or selling a large position or quickly can really move the price around, which doesn't happen with an ETF. If you want Middlefield's active management, look instead at MINN.
Closed-end fund, not an ETF. Interest in closed-end funds has diminished in favour of ETFs. Can't be created or redeemed intra-day. Trades at discount to NAV, which can't be arbitraged away. Discount can always go lower.
Holds private holding companies, such as healthcare royalties. Additional risks including liquidity. Buying or selling a large position or quickly can really move the price around, which doesn't happen with an ETF. If you want Middlefield's active management, look instead at MINN.