General equity CEFs are those focusing on U.S., global, and emerging market equities, but without a specific sector focus, and without the use of any hedging or covered call strategy.
CEFs are one of the few ways investors can receive strong distributions from equity investments, and with strong discounts to boot. Unfortunately, with general equity CEFs, the potential advantages of steady distributions and wide discounts need to be balanced against the high fees and potential for underperformance versus the benchmark. In my opinion, the average investor, including retirees with monthly spending needs, could achieve stronger