CEF Report April 2024 | Opportunities Exist In Terms And Covered Call CEFs

Summary

• The closed-end fund ("CEF") market performed well so far in 2024, especially relative to benchmarks. Both the taxable bond CEF proxy and the tax-free CEF proxy have outperformed their passive.

• We recently highlighted the opportunity in term funds. These are funds that are slated to liquidate at some point in 2024 at Net asset value.

• The best opport…