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A closed-end fund that allows an investor to participate in some excellent biotechs outside the US, which normally pay dividends once a year. Examples such as NVS, RHHBY,etc
When closed end funds (especially ones that pay a fat yield) trade below NAV, it is time to back up the truck.
Type of business seems to lack a core focus.
Pays a good 48 cent quartery dividend and goodreturn.
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