This is because their "business plans" factor in capital appreciation, without which they can only trade at a loss.

Most of the capital appreciation would only happen during the later years of the process.

"They are not giving up any interest, dividends or capital appreciation gained from those investment."

If they bought at the top of the market in 2007, they will hold out for capital appreciation.

So you get a nice current return and an opportunity for capital appreciation.

When figuring your cash needs, focus on total return, which takes into account income plus capital appreciation.

"Everything you'd find at a top hotel, plus capital appreciation."

A fund can also offer greater flexibility and opportunity to realize capital appreciation.

But Liberty is more than just a play on the capital appreciation of media assets, analysts say.

"We seek capital appreciation in small growth companies," he stated.