NMCO - Nuveen Municipal Credit Opportunities Fund: Betting On Discount Shrinkage
- Getting extra return by having an unusually wide discount reverting to the CEF’s average level is a strategy used by CEF investors.
- Trying to determine if such a wide discount is the new normal isn’t always easy but needs to be attempted as part of an investor’s due diligence.
- This article will review NMCO and compare features against NMZ to help investors decide if it is a good play for the “shrinking discount” strategy. Both CEFs are from Nuveen.
- Even based on its short history, I am Bullish on NMCO closing its discount and even going to a premium like last spring.
For further details see:
Nuveen Municipal Credit Opportunities Fund: Betting On Discount Shrinkage