- There is a growing number of investment choices known as Fund-of-Funds. Having one fund diversify across many funds, while simplifying one's portfolio, means you could own poor performers too.
- As part of this review, I will compare Invesco CEF Income Composite Portfolio ETF with the Cohen&Steers Closed-End Opportunity Fund (FOF) that follows a similar multi-fund strategy.
- While the diversification should reduce overall portfolio risk, I think Invesco CEF Income Composite Portfolio ETF's ownership of over 100 different Closed-End Funds is excessive, thus my Bearish rating on PCEF.
For further details see:
PCEF: An ETF That Invests In Closed-End Funds