- The CEF market remains expensive and getting more expensive almost daily. Muni CEFs have joined taxables with an avg premium valuation.
- So today we are in a place that most CEF investors have never experienced - a very tight valuation.
- We go through the difference between relative discounts and absolute discounts and how focusing on the former can create value in today's market.
- Mutual funds/ETFs become an option to rotate into in order to capture NAV moves while reducing/eliminating discount risk.
- We discuss BRW and AVK as small opportunities in today's market.
For further details see:
CEF Report July 2021 | Complete Euphoria