Looking for a fund that pays monthly dividends and gives the fund manager complete control on what to pick?

Question

Any suggestions on this type of fund ? What fund has muni's, oil trusts, Reits, stocks, bonds and whatever the fund manager thinks is a good investment - globably.

Answer 1

The Gabelli Global Deal fund symbol GDL or NAV symbol XGDLX is a closed end fund where the manager buys investments around the world. It pays about a 10% dividend per year. I like this fund but would never put more than 10% of my money in it.

Answer 2

Blackrock has any number of issues that pay monthly dividends and trade on the exchange.

Answer 3

I don't think you'll find a fund that pays the monthly dividend...but a relatively new fund ..PALIX.. is invested in many companies that pay monthly dividends... and it is a " managed fund", so your manager/staff will be continuously looking for the " best plays".

Are you looking to get the cash monthly? ...or do you just want to " see" the results? I do have holdings in one fund that pays monthly divs, but it is in the form of more shares....( FNMIX..international/ financial )...

If you ARE looking for the monthly cash... you'd be better off making small buys in the areas that you mentioned...I use the oil trusts and REITs .