BGB - A Look A Some Very Attractive Z-Scores
Fighting the herd that was rushing for the exits in closed-end funds can be a difficult thing to do. However, buying when no one else will tends to generates the best overall total returns. As the old adage by Baron Rothschild goes, "the time to buy is when there's blood on the streets."
With the bottom potentially in on the "bond rout" and the herd of likely sellers dissipating, some would say that the time has passed. We would disagree as there are so many solid candidates that are still trading at or near all-time