In an effort to emphasize the importance and necessity of education when debating between exchange-traded funds versus closed end funds, TheStreet.com reports that investors often confuse the two, especially when it comes to investing in one country.

"Investors need to do the same degree of comparison shopping they would normally do when choosing between funds, which means digging into things like expense ratios, historical performance and holdings," says Lipper closed-end fund specialist Michael Porter.

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