- For the seventh month in a row, equity closed-end funds (CEFs) on average posted positive returns, rising 1.90% on a NAV basis for May.
- While for the third month running fixed income CEFs posted plus-side returns (+0.86%).
- Thirty percent of all CEFs traded at a premium to their NAV, with 30% of equity CEFs and 31% of fixed income CEFs trading in premium territory.
- Energy MLP CEFs (+6.74%) for the second month in a row posted the strongest one-month returns of the equity classifications in the CEF universe for May.
- For the second consecutive month, the Emerging Markets Hard Currency Debt CEFs (+1.89%) classification posted the strongest plus-side returns in the taxable fixed income CEF universe for May.
For further details see:
The Month In Closed-End Funds: May 2021