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Of the more than 5,000 mutual funds, ETFs and closed-end funds in today’s universe, the overwhelming majority are somewhat cookie cutter alternatives to an easily accessible index, which makes it difficult for investors to uncover truly unique funds for their overall investment strategy.
The Zweig and Virtus funds offer steep discounts to net asset value.
Larry Pitkowsky says both companies and Walter Investment Management have the right pieces in place to continue rebounding from last year's drops in their stock prices.