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BIGZ - Income Ideas: Should You Avoid Closed-End Fund IPOs?
BlackRock Innovation and Growth Trust of Beneficial Interest
The question today is, should you avoid CEF IPOs?
From the data we have compiled, it seems that the averages come to be quite flat and it largely depends on the circumstances of its launch.
One potential way to play this could be buying on day 1 and selling after 1-month of holding, for other time frames, it seems too much of a toss-up.
Investing in a fund on IPO could be alright, from the data it certainly doesn't guarantee a loss; granted you want the type of exposure that the fund is expected to be investing towards.