Closed-End Fund Week in Review for Friday, October 9, 2009

Closed end country funds closed the week in positive territory. Of 83 such funds tracked by Thomson Reuters, 82 funds finished in positive territory, 1 finished in negative territory. The average fund widened to 5.51 percent compared to -1.61 percent in market price the previous week.

The average discount of market price from net asset value per share narrowed to -4.86 percent from -5.78 percent the week before.

Rounding out the top three performers for the week was Aberdeen Australia Equity Fund which gained 18.71 percent followed by Central Europe & Russia Fund which gained 12.29 percent and Canadian World Fund Limited which advanced 11.42 percent.

 Leading the bottom performers for the week was Gabelli Global Deal Fund which dropped -0.27 percent, followed by Eaton Vance Tx Mgd Glb Buy Wrt Opp which lost 1.06 percent and ING Global Advantage and Premium Op which lost 1.25 percent.

As of Friday, October 2, 2009:

Top Ten Funds by Upward Change in Current Discount/Premium versus Previous Week:

• Cornerstone Total Return Fund

• MacroShares Major Metro Housing D

• Claymore Robeco Developed Intl Eq

• Cornerstone Total Return Fund

• Cornerstone Strategic Value Fund

• Engex

Board of Governors of the  Federal Reserve System

The U.S. Department of Labor

US Department of Commerce

Conference Board

STAT USA - Service of the US Department of Commerce provides market research and business data.

Stock Exchanges:

• NASDAQ
• NYSE
• AMEX

Dow Jones Indexes

iPath ETN's

HOLDRS

iShares

PowerShares

ProShares

SPDR's

ELEMENTS

Direxion Funds

Providing key-decision making performance information on the entire universe of closed-end funds, our Weekly Review (data provided by CDA/Wiesenberger, a leading data provider for the closed-end fund industry) gives investors more data than any other weekly reporting service. Every issue reports data from the previous Friday, including:

• Net Asset Value (NAV)
• Market Price
• Discount/Premium
• Year-To-Date Discount/Premium
• 52-week Discount/Premium
• 1-Week NAV Return
• Year-To-Date NAV Return

• 52-Week NAV Return
• 1-Week Market Return
• Year-To-Date Market Return
• 52-Week Market Return
• NAV Yield
• Market Yield
• 52-Week Volume

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Fund Group Averages Discount /  Premium (52 Week D/P) as of November 13, 2009:

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Vol. IX, No. 4 (June 2009):

Published by Closed-End Fund Advisors
Global Investment Counsel
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