As a general rule, the time to buy a closed-end mutual fund is when the fund's premium is approximately 5 percent higher than its past average.

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Quizplus · Accepted Answer

There is no general rule for buying closed-end mutual funds based solely on their premium. Investors should conduct their own research on the fund's performance, fees, and other factors before making a decision to buy. Additionally, past averages may not necessarily be indicative of future performance.

As a General Rule, the Time to Buy a Closed-End