CCD - Multi-Sector CEFs Review: Time To Shine
The multi-sector corner of the closed-end fund market is an interesting one. It is composed of funds that have explicitly rejected a single-sector, narrow mandate approach and taken a more expansive view of the financial markets in an attempt to deliver excess returns.
One the one hand, this makes sense - as a manager, why would you pigeonhole yourself into a single sector when you know other sectors may very well be more attractive? This ability to move across sectors also ensures that managers don't just act like salespeople for their own sector in order