CEF Report December | Opportunity Knocks

Dec 17, 2021

∙ Paid

Summary

CEF discounts have widened out in a fairly sharp manner in the last two months as the rich valuations we saw this summer retreat.
While CEFs aren't extremely cheap here, I do think we are seeing a good buying opportunity.
The risk overhang this year is if rates move significantly higher (not our base case) which could cause investors to get scared …