PCEF - PCEF: An ETF That Invests In Closed-End Funds

July, 07 2021 07:00 AM Invesco CEF Income Composite

There is a growing number of investment choices known as Fund-of-Funds. Having one fund diversify across many funds, while simplifying one's portfolio, means you could own poor performers too.
As part of this review, I will compare Invesco CEF Income Composite Portfolio ETF with the Cohen&Steers Closed-End Opportunity Fund (FOF) that follows a similar multi-fund strategy.
While the diversification should reduce overall portfolio risk, I think Invesco CEF Income Composite Portfolio ETF's ownership of over 100 different Closed-End Funds is excessive, thus my Bearish rating on PCEF.

For further details see:

Company Name:	Invesco CEF Income Composite
Stock Symbol:	PCEF
Market:	NYSE