If you choose a closed-end fund trading at a discount to its net asset value, you might also get some capital appreciation, says Maury Fertig, chief investment officer at Relative Value Partners LLC, Northbrook, Ill.

WSJ: Face Your (Investment) Fears

"This feels a little bit like a panic to the upside, " said Maury Fertig, chief investment officer at Relative Value Partners.

WSJ: Dow Closes at Highest Level in 4 Years

Croft, president and chief investment officer of Croft Value Fund (CLVFX).

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