- The selloff in energy and resultant trouble for high-yield paper exposed to the sector has left a number of closed-end funds "on sale" - i.e., with sizable discounts to net asset value. Mark Grant, director of taxable fixed income for Southwest Securities, tells Barron's his favorites.
- Babson Capital Global Short Duration (NYSE:BGH), Prudential Global Short Duration High Yield (NYSE:GHY), Pimco Income Strategy II (NYSE:PFN).
- Diversifying away from high-yield exposure, his other "on sale" picks: NexPoint Credit Strategies (NYSE:NHF), Brookfield Global Listed Infrastructure Income (NYSE:INF), BlackRock Municipal Target Term Trust (NYSE:BTT).