JPT - Quality CEF Ideas: Finally Seeing The Cracks

The CEF market is starting to crack. While we bemoaned the unattractive discount valuation over a few previous articles, we are finally seeing some evidence of capitulation. Given significant uncertainty around the medium-term medical and economic picture alongside air pockets of liquidity, we think tilting toward higher-quality funds with controlled execution makes sense. We highlight the following funds which look attractive to us right now:

• Nuveen Municipal High Income Opportunity Fund (NMZ)
• Nuveen Preferred and Income 2022 Term Fund (JPT)
• Nuveen Mortgage and Income Fund (JLS)
• BlackRock Build America

Read more ...