What Type Of CEF Investor Are You?
Closed-end fund investors often fall into one of two camps:
Yield chasers
Contrarian total return investors
Yield Chasers
The first group is fairly straight forward. They are looking for a means to generate income in what is now a yield-less world. Interest rates post-recession have plummeted to nearly zero causing a very distorted market. Savers have…
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