CEFs (Closed End Funds) vs ETFs and TSP

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I'm new to this board, but didn't find any posts on closed end funds (CEFs) so here goes.

CEFs can trade at hefty premiums or discounts to net asset values, and are listed at etfconnect.com. As a bargain hunter, I'd look for the ones on sale. Looking at Mexico, I found these:

Closed-End ETF

MXF - Mexico Fund

Pricing Info As Of: 12/16/2005 Closing NAV: $34.46 Closing Share Price: $30.35 Premium/(Discount): -11.93% Current Market Yield: 2.79%
MXF Share Price NAV

1 Year 49.48% 46.88%

3 Year 37.66% 41.90%

5 Year 24.42% 22.26%

10 Year 14.22% 15.48%

Since Inception 12.16% 12.31%
and

Index ETF

EWW - iShares MSCI Mexico Index Fund

Pricing Info As Of: 12/16/2005 Closing NAV: $35.80 Closing Share Price: $35.96 Premium/(Discount): 0.45% Current Market Yield: 0.77%
As of 11/30/2005 EWW Share Price NAV

1 Year 50.02% 50.88%

3 Year 39.41% 39.32%

5 Year 21.36% 21.81%

10 Year -- --

Since Inception 16.05% 16.03%
Based on the data, it's not hard to see MXF is the Best Buy IF the discount narrows, and of course, if you're interested in investing in Mexico. Plus the dividends are nice.

Point is there are a lot of options. My short list (subject to change):

ILF iShares S&P Latin America 40
EWZ iShares MSCI Brazil
XLE SPDR Energy
IXC iShares S&P Global Energy
EEM iShares MSCI Emerging Markets
EWW iShares MSCI Mexico
EWY iShares MSCI South Korea
IGE iShares GS Natural Resources
EWC iShares MSCI Canada
EWO iShares MSCI Austria
FSICX Fidelity Strategic Income

Comments welcome!