CEF Report January 2021 | Will We See A January Effect?

Summary

• December was another good month for CEFs with some discount tightening and NAV growth.  The Core Portfolio was up over 1% with the NAV up 1.8%.

• The January Effect could bring discounts to an expensive level if the recent trends continue  At that point we would want to start reducing CEF exposure in favor of OEFs.

• Some of our recent portfolio adds l…