Weekly Commentary | June 8, 2025 | JOF/JEQ Analysis, DMF/FGB Open-Ending, JHI
Summary
Equity markets remain resilient despite mixed macro headlines; growth and tech lead gains while CEF discounts continue to tighten, especially in munis and emerging markets.
Key fund actions: JOF's new 10% NAV distribution and conditional tender should close its discount; FGB and DMF are converting to open-end structures, offering discount capture …
