For income investors, closed-end funds, or CEFs, are an attractive investment class that offers high income generally in the range of 6%-10%, broad diversification in terms of a variety of asset classes, and market matching total returns in the long term if selected carefully and acquired at reasonable price points.
However, CEFs come with their own set of risks and challenges that investors should be aware of. We list various risk factors at the end of this article.
Even though the S&P 500 sits just a hair below its all-time high, the markets have generally