- Fixed income CEF discounts continue to tighten and are approaching 20-year highs. This won't last for long. Part II of this report will focus on when this ends.
- Muni CEFs remain a better value than taxables but there are small pockets of opportunity in the taxable side if you look and are willing to be tactical.
- We focus on a few funds that have the characteristics we are looking for: wider discount, higher yielding (even if not earned), and solid NAV momentum.
- We like here: BGH, NSL, JFR, JGH, GHY.
For further details see:
CEF Report June 2021 | The Winch Tightens Further