Q: I was reading an article recommendIng these high yielding closed end funds. They appear to be blue chip. Apparently CEFs usually trade at a discount and once the market is ready to turn around they will provide additional leverage. When does it make sense to purchase CEFs when there are equivalent etfs?

Q: Is there any grief with buying an etf like "bme". I know Canadians can not own US mutual funds , just etf's. What scares me it is called a "trust". What are the implications or possible tax reporting problems.As well do you consider this a decent investment.