CMU - CEF Weekly Review: Take Care With Total NAV Returns
2024-02-03 11:00:17 ET
Summary
- We review CEF market valuation and performance through the fourth week of January and highlight recent market action.
- All sectors were up for the week, with MLPs and Preferreds leading the way.
- Investors should be wary in taking CEF total NAV returns at face value given various conventions and data issues.
- A number of fund families have raised distributions, indicating a potential bottom.
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: Take Care With Total NAV Returns