PFD - Talking Tacticals: Trading Opportunities In Closed-End Funds
In our last Weekly, we discussed why we thought the current trading environment of heightened volatility was conducive to opportunistic tactical trading of closed-end funds. In this article we introduce a metric - discount sector spread percentile - that we think is particularly helpful in identifying trading opportunities. We plan to make it a regular feature of our reports as well as share quick-takes on the blog which are sent to our real-time followers.
According to the latest figures, our recommendations are as follows:
Overweight:
- Nuveen Preferred and Income Term Fund: (JPI)