FUND - The Month In Closed-End Funds: June 2019
Photo Source: REUTERS/Kim Kyung-Hoon/Pool. Federal Reserve Chairman Jerome Powell talks with U.S. Treasury Secretary Steven Mnuchin during the G20 finance ministers and central bank governors meeting in Fukuoka, Japan June 8, 2019.
For the month, 95% of all closed-end funds posted NAV-based returns in the black, with 97% of equity CEFs and 94% of fixed income CEFs chalking up returns in the plus column. For the second month in three, Lipper’s world equity CEFs macro-group (+4.97%) outpaced its two equity-based brethren: domestic equity CEFs (+3.93%) and mixed-assets CEFs (+3.74%). For the second month in three,