WDI - CEF Weekly Review: Price Chart Is Not A Good Guide To CEF Allocation
2024-05-04 09:00:00 ET
Summary
- We review CEF market valuation and performance through the fourth week of April and highlight recent market action.
- CEFs were mostly up on the week, however remain in the red through the month.
- Investors should evaluate funds based on historic total NAV return and individual features, rather than price behavior.
- We recently shifted between two Western Asset credit CEFs due to a valuation divergence.
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....
CEF Weekly Review: Price Chart Is Not A Good Guide To CEF Allocation