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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... More
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  • Eqcome's CEF Price Index Declines 3.4% In May 0 comments
    Jun 1, 2012 11:41 AM

    The Eqcome CEF Price Index declined 3.4% for the month of May '12 while related NAVs declined a greater 3.7%. This caused the CEF discount to narrow from 3.3% in April to 2.9% for May. The S&P 500 fell 6.3% for the month.

    Fixed-income CEFs premium increased for taxable (1.4% to 1.7%) and muni (0.1% to 0.3%) CEFs. Equity-oriented CEFs discounts also narrowed from 9.2% in April to 9.0% in May. The average yield of the Eqcome CEF Index was 7.6% for the month.

    Charts for May are available on the website under "CEFIndex" under "Research" Menu.

    Themes: CEFs May Performance
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