- As a kid, my Dad used to drive Oldsmobiles as his car of choice. Once, we were surprised to look under the hood and see a Chevrolet engine!
- That's when I realized manufacturers often interchanged identical parts, even though they marketed (and priced) the products quite differently.
- That can happen within the closed-end fund market too, with HTD and PDT being a good example.
- In this case, I think it is the market making the wrong assumptions and classifying (and pricing) the two funds differently, not the fund family (John Hancock).
- But HTD seems to be clearly the better buy right now.
For further details see:
HTD And PDT: Similar 'Under The Hood,' But Priced So Differently