Weekly Commentary | February 22, 2026 | BANX Hangover, AIO Buy, Emerging Markets, Blue Owl

Feb 23, 2026

∙ Paid

Summary

Closed-end funds (CEFs) delivered strong YTD price and NAV returns, but current discounts suggest considering partial rotation to high-quality bonds depending on risk tolerance.
Arrowmark Financial Corp (BANX) completed a rights offering, resulting in a 2% NAV dilution; the adjusted discount remains historically wide at 6.9%.
Virtus AI & Tech Opp (…