Maybe I'm a little paranoid, but I've noticed that when I can read about something in the WSJ, Barron's, etc in a little while it looks like the issue was publicized so that somebody could sell their shares.
'How about new ETF which holds 70 CEF's???? "PCEF" '
Sort of like the Mortgage Backed Securities. You pack a container full of containers that contain so much different shit that no one has a clue what shit is contained in it and then you market it as "diversified." If all goes well it'll be like cramming some cash in a tin can and burying it in your backyard. If not, it'll be like the time your septic tank backed up.