CEF Report July 2024 | Some Decent Opps As CEFs Continue To Destroy Their Benchmark
Summary
CEFs remain a strong fixed income investment, but valuations are becoming frothy, especially in taxable bonds.
Counter-cyclical approach to CEF allocation involves reducing exposure during unfavorable environments, such as two years ago.
Focus on muni CEFs due to wide discounts, potential for alpha production, and strong risk-adjusted returns.
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