Publications

High-Return, Low-Risk Investment - Using Stock Selection and Market Timing

Thomas J. Herzfeld and Robert F. Drach
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Co-Authored with Robert F. Drach, this book outlines techniques behind the authors' successes and techniques that they use for selection and timing.

High-Return, Low-Risk Investment - Using Stock Selection and Market Timing
High-Return, Low-Risk Investment - Using Stock Selection and Market Timing

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Every month we share exclusive insights on closed-end fund opportunities and market trends. A quick, valuable read for institutional investors and family offices.

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Industry Insights
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January 2026 The Discount Perspective
We’re pleased to introduce Herzfeld’s Discount Perspective, a new monthly update focused o
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We’re pleased to introduce Herzfeld’s Discount Perspective, a new monthly update focused on discount and premium levels across the closed-end fund universe. Each edition highlights key trends we’re observing and provides context around how market dynamics are evolving.

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The Investor's Guide to Closed-End Funds
One of the first books published on the area of closed-end funds.
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The first book published on the area of closed-end funds. This brought attention to an often overlooked space.

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The Thomas J. Herzfeld 1989/1990 Encyclopedia of Closed-End Funds
A deep dive into the world of closed-end funds.
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One of the first publuications of its kind, this encyclopedia offers a deep dive into the world of closed-end funds.

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