Summary
- For the third month in four, equity CEFs (+5.60% on a NAV basis) on average witnessed positive performance.
- While their fixed income CEF cohorts (+4.08%) posted gains for the second month in three.
- At month end, 18% of all CEFs traded at a premium to their NAV, with 22% of equity CEFs and 15% of fixed income CEFs trading in premium territory.
- Emerging Markets CEFs (+9.69%), for the second month in three, outshined the other classifications in the equity CEF universe for January.
- For the third month in a row, Emerging Markets Hard Currency Debt CEFs (+6.29%) posted the strongest return in the fixed income CEF universe for January.
For further details see:
The Month In Closed-End Funds: January 2023