ETFs, mutual funds—and, yes, high-yielding closed-end funds (CEFs) —all have one surprising new year’s resolution this year: cutting their management fees . But unlike my resolution to stop eating donuts and work out three times a week, this is a resolution that managers of these funds will likely keep—setting their funds up for higher returns as a result. Why? Because their feet are being held to the fire. Activists Push for Big Fee Cuts Truth is, there’s a quiet shift happening in the world of fund management, with more people clamoring for lower fees on all kinds of funds, including CEFs like those we recommend in my CEF Insider service , whose portfolio yields 9.0% today.… Read more