Weekly Commentary | January 5, 2025 | FSCO, Preferreds, Sell List
Summary
Despite a lackluster end to 2024, our bond strategy outperformed benchmarks, with individual bonds and closed-end funds (CEFs) delivering strong returns.
For 2025, I expect similar performance, though discount tightening in taxable bond CEFs is limited; Muni CEFs offer higher potential returns.
Preferred CEFs remain undervalued, presenting buying o…
