KF - The Month In Closed-End Funds: November 2022
Summary
- For the second month in a row, equity CEFs (+5.16% on a NAV basis) on average witnessed plus-side returns.
- While their fixed income CEF cohorts (+4.53%) posted gains for the first month in four.
- Only 19% of all CEFs traded at a premium to their NAV at month end, with 20% of equity CEFs and 17% of fixed income CEFs trading in premium territory.
- Emerging Markets CEFs (+13.70%) outshined the other classifications in the equity CEF universe for November.
- For the first month in 23, Emerging Markets Hard Currency Debt CEFs (+9.25%) moved to the top of the leaderboard in the fixed income CEF universe for November.
For further details see:
The Month In Closed-End Funds: November 2022