GF - The Month In Closed-End Funds: May 2020
Photo Source: REUTERS/Brendan McDermid. Workers celebrate the during closing bell, as they prepare for the return to trading, on the floor at the New York Stock Exchange ((NYSE)) in New York, U.S., May 22, 2020.
For the month, 93% of all closed-end funds (CEFs) posted net-asset-value ((NAV))-based returns in the black, with 85% of equity CEFs and 98% of fixed income CEFs chalking up returns in the plus column. For the first month in five, Lipper’s world equity CEFs macro-group (+5.22%) outpaced its two equity-based brethren: mixed-assets CEFs (+4.49%) and domestic equity CEFs (+4.20%). For