DCF - Term CEFs For A Lower Risk Investment Strategy

Given the sharp and fast drawdowns we have seen in the CEF market over the last few weeks, the obvious question is what are the options available to income investors that allow them to stay in the market but limit the volatility of their portfolios. Our response to this question has typically been three-fold: use open-end funds, pick CEFs cheap vs. their sector or use term CEFs. In this article, we review the performance of term CEFs during this drawdown. Our takeaway is that term CEFs have typically held up better than their sectors over

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