Photo Source: REUTERS/Andrew Kelly. A screen on the trading floor at the New York Stock Exchange (NYSE) displays news of stocks rallying after a statement by U.S. President Donald Trump regarding China trade deal in New York City, U.S., August 26, 2019.
For the month, 51% of all closed-end funds (CEFs) posted net asset value ((NAV))-based returns in the black, with only 36% of equity CEFs and 62% of fixed income CEFs chalking up returns in the plus column. For the second month in a row, Lipper’s mixed-asset CEFs macro-group (-0.37%) mitigated losses better than