NPFD - CEF Weekly Review: CEF Fees Remain Full Of Pitfalls

2024-02-18 02:19:47 ET

Summary

• We review CEF market valuation and performance through the second week of February and highlight recent market action.
• CEF price action was mixed, with higher-quality fixed-income sectors and interest-rate sensitive equity sectors seeing lower NAVs due to back-up in Treasury yields.
• CEF fees are full of pitfalls; however, getting a clear picture of fees can allow investors go generate alpha in CEF allocation.

Welcome to another installment of our CEF Market Weekly Review, where we discuss closed-end fund ((CEF)) market activity from both the bottom-up - highlighting individual fund news and events - as well as the top-down - providing an overview of the broader market. We also try to provide some historical context as well as the relevant themes that look to be driving markets or that investors ought to be mindful of....

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