The survey which was conducted recently involved 508 financial advisors through an intermediary panel of finance professionals managed by Harris.
In the survey, respondents cited that closed-end fund are suitable for many types of accounts, particularly for post-retiree income-generating purposes and individual retirement accounts.
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The respondents also cited income as the primary reason for including closed-end funds in their recommendations due to ease of use, ability to use leverage and access to active, professional investment management.
Gary Marshall, CEO of Aberdeen Asset Management said, "This year’s study reconfirmed that advisors continue to clamor for more information to help their clients understand the benefits of closed-end funds."
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