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Invesco High Income 2024 Target Term Fund of Beneficial Interest No par value per share
Photo Source: REUTERS/Brendan McDermid
For the month, 70% of all closed-end fund (CEFs) posted net asset value (NYSE:NAV)-based returns in the black, with 86% of equity CEFs and 58% of fixed income CEFs chalking up returns in the plus column. For the fourth month in a row, Lipper’s world equity CEFs macro-group (+3.86%) outpaced its two equity-based brethren: mixed-assets CEFs (+3.61%) and domestic equity CEFs (+2.10%). For the second consecutive month, the Convertible Securities CEFs classification (+5.76%) outperformed all other equity classifications, followed by Developed Markets CEFs (+5.21%) and Diversified Equity CEFs