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Joe Eqcome
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Joe Eqcome is the pen name of Robert A. Frank, CFA, a Wall Street executive who has spent over 30 years as an investment professional. Mr. Frank is the founder of GrowthIncome Research & Management, LLC. GrowthIncome Research & Management, LLC’s business mission is focused on generating... More
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  • CEF Index Advances 2.1% In February
    The Eqcome CEF Price and NAV Index increased an average of 2.1% for the month ending February 29th leaving the aggregate discount at 2.8%, the same as January. The Eqcome CEF price index advanced half that of the S&P 500 which rose a more robust 4.1%. This lag is a function of the CEF's market segment being fixed-income "top-heavy".

    The Eqcome CEFBig10™ portfolio was up 2.4% for the month, 9.7% YTD and its current annualized yield is 7.4%. (The Eqcome CEFBig10™ is a diversified portfolio of 10 CEF stocks that represent 10 of the major CEF fund types.)

    The average monthly discounts for both Eqcome's CEF sub-indices for equity-oriented CEFs and for "Other" fund types narrowed (average share prices increasing greater than NAVs) while the premiums for Muni CEFs and Fixed-Income CEFs declined (average share prices dropping greater than related NAVs). This reflects some of the shift towards equities and away from fixed-income as prospects for the U.S. economy seemed to have improved and the European debt crisis seems on holiday.

    The CEF sub-sectors appear to be consolidating and this has historically been positive for equities.

    Additional information is available at GrowthIncome Research & Management, LLC.

    Disclosure: I have no positions in any stocks mentioned, and no plans to initiate any positions within the next 72 hours.

    Mar 01 12:26 PM | Link | Comment!
  • CEF Performance Strong In January

    The Eqcome CEF Index advanced in the month of January 6.1% based on average share price while the average NAV per share increased 4.7%. These respective changes significantly narrowed the discount from 4.1% from the end of December '11 to 2.8% at the end of January. On average the annualized yield for the Eqcome CEF Index was 7.7%.

    CEF charts are available at GrowthIncome's website.

    Feb 01 12:50 PM | Link | Comment!
  • Seeking Alpha Delayed Publication Of CEF Weekly

    Due to Seeking Alpha's technical conversion this weekend and some inane comments by one of the editors, the publication was held up and should have been available to readers at the latest on Sunday.

    I apologize for the tardiness of the publication.

    Jan 31 12:07 AM | Link | Comment!
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