TEAF - 5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)
2024-02-16 00:47:58 ET
Summary
- January saw some mixed results in terms of sector performance, with real estate returning some of the gains they saw in the previous couple of months.
- To kick off the year, I made 5 moves in my closed-end fund portfolio, primarily while still mostly avoiding leveraged funds.
- Two of these moves were swaps to take advantage of what I believe are opportunities going forward.
The market has taken a pause as we enter the new year, leading to fairly mixed results for U.S. equity sectors in January. The latest hot CPI report certainly adds more uncertainty going forward as well.
Interest rate-sensitive sectors such as utilities and real estate saw higher risk-free rates, making them less appealing. This was after November and December treated the space well when Treasury Rates were falling on the back of the Fed, signaling a pivot....
5 Closed-End Fund Buys In The Month Of January 2024 (Includes 2 Swaps)