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There aren't many places you can buy dollars at a discount. One of them is in closed end funds (CEF). There are many varieties of CEFs and many of them are selling below their net asset value (NAV). That means you can buy dollars for less than a dollar. Here's how it works.
A CEF is a mutual fund that issues a limited number of shares, takes in the money from that issuance, then invests it into specific types of investments, usually stocks or bonds that reflect the mandate of the fund. For example, there are country funds such as the Japan Fund (JEQ), the Mexico Fund (MXF) or the Korea Fund (KF). There are also CEFs that reflect certain types of stocks, such as small cap or large cap funds. There are bond funds, growth funds, value funds, etc. In short, there are CEFs for almost every type of investment in which you have an interest.
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