NMCO - The Month In Closed-End Funds: November 2021
- For the second month in three, equity CEFs on average witnessed negative returns, falling 2.61% on a NAV basis for November.
- While for the first month, three fixed income CEFs posted returns in the black (+0.12%).
- Thirty-six percent of all CEFs traded at a premium to their NAV, with 34% of equity CEFs and 38% of fixed income CEFs trading in premium territory.
- Real Estate CEFs (+0.38%) for the first month in four posted the strongest one-month returns of the equity classifications in the CEF universe for November.
- For the first month in seven, the High Yield Municipal Debt CEFs (+1.80%) classification posted the strongest plus-side returns in the fixed income CEF universe for November.
For further details see:
The Month In Closed-End Funds: November 2021