CEF Report May 2022 | NAVs Are More Important Than Discounts

Summary

• Markets continue to head lower in a steady manner.  The rebound we saw in March was short-lived.

• Defense remains the name of the game and we would recommend those who are not buy-and-holders to remain in the bunker.

• For those looking to hold something in CEFs (like I do), I think moving from loans and "credit" towards high quality and even some dur…