CEF Weekly Market Review: Market Takes July Off

Aug. 07, 2021 9:47 AM ET, , , , , , , , , , , 5 Comments

Summary

  • We review CEF market valuation and performance over the last week of July and highlight recent market events.
  • July CEF returns were wrapped around zero in aggregate as higher NAVs were offset by wider discounts.
  • We continue to favor funds in a number of higher-yielding niche sectors and those with a history of strong alpha generation.
  • Looking for a helping hand in the market? Members of Systematic Income get exclusive ideas and guidance to navigate any climate. Learn More »

Businessman pointing arrow graph corporate future growth plan. Business development to success and growing growth year 2020 to 2021 concept
marchmeena29/iStock via Getty Images

This article was first released to Systematic Income subscribers and free trials on 31-July.

Welcome to another installment of our CEF Market Weekly Review where we discuss CEF market activity from both the bottom-up - highlighting individual fund

Check out Systematic Income and explore our Income Portfolios, engineered with both yield and risk management considerations.

Use our powerful Interactive Investor Tools to navigate the closed-end fund, open-end fund, preferred and baby bond markets.

Read our Investor Guides: to CEFs, Preferreds and PIMCO CEFs.

Check us out on a no-risk basis - sign up for a 2-week free trial!

This article was written by

13.25K Followers

ADS Analytics is a team of analysts with experience in research and trading departments at several industry-leading global investment banks. They focus on generating income ideas from a range of security types including: CEFs, ETFs and mutual funds, BDCs as well as individual preferred stocks and baby bonds.

ADS Analytics runs the investing group Systematic Income which features 3 different portfolios for a range of yield targets as well interactive tools for investors, daily updates and a vibrant community.

Analyst’s Disclosure:I/we have a beneficial long position in the shares of FPE either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

Related Stocks

SymbolLast Price% Chg
AIF--
Apollo Tactical Income Fund Inc.
CMU--
MFS High Yield Municipal Trust
CXE--
MFS High Income Municipal Trust
DHY--
Credit Suisse High Yield Bond
EAD--
Allspring Income Opportunities Fund

Related Analysis