Photo Source: REUTERS/Brendan McDermid. A screen displays the Dow Jones Industrial Average after the close of trading on the floor of the New York Stock Exchange (NYSE), October 24, 2018.
For the month only 6% of all closed-end funds (CEFs) posted net asset value ((NAV))-based returns in the black, with 5% of equity CEFs and 7% of fixed income CEFs chalking up returns in the plus column. The Real Estate CEFs classification (-1.56%) mitigated losses better than all the other equity classifications, followed by Utility CEFs (-3.05%) and Income & Preferred Stock CEFs (-3.21%). For