- For the second month in a row, equity CEFs on average posted positive returns, rising 3.78% on a NAV basis for December.
- While for the ninth month running, fixed income CEFs witnessed returns in the black (+1.89%).
- Eighteen percent of all CEFs traded at a premium to their NAV, with 17% of equity CEFs and 19% of fixed income CEFs trading in premium territory.
- Emerging Markets Funds (+6.61%) posted the strongest one-month returns of the equity classifications in the CEF universe for December.
- For the second consecutive month, the world income CEFs (+3.44%) macro-group posted the strongest plus-side returns in the fixed income CEF universe for December.
For further details see:
The Month In Closed-End Funds: December 2020