BXMX - Equity CEFs: Playing With Fire In The Nuveen Option CEFs
I like Nuveen. I own several of their municipal bond CEFs and leveraged equity CEFs that include senior loan and preferred securities. But the fact of the matter is that Nuveen would probably be thought of as more of a fixed-income bond house than a stock equity house. And yet, here are their pure equity, option-income index funds trading at all-time high valuations despite NAVs that significantly lag their benchmarks in a bull market.
What are the funds I'm talking about? They are the Nuveen S&P Dynamic Overwrite fund (SPXX), the Nuveen