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Photo Source: REUTERS/Kim Hong-Ji. Gold bars are pictured on display at Korea Gold Exchange in Seoul, South Korea, August 6, 2020.
For the month, 92% of all closed-end funds ("CEFs") posted net-asset-value ("NAV")-based returns in the black, with 84% of equity CEFs and 98% of fixed income CEFs chalking up returns in the plus column. For the second month in a row, Lipper's world equity CEFs macro-group (+5.08%) outpaced its two equity-based brethren: mixed-assets CEFs (+4.50%) and domestic equity CEFs (+2.60%). For the first month in 17, the Convertible Securities CEFs classification (+7.39%) outperformed