JRI

Two Equity/Balanced Closed-End Funds That Can Be Used As Fixed Income Substitutes In Your Portfolio (Guest Post From George Spritzer)

Two Equity/Balanced Closed-End Funds That Can Be Used As Fixed Income Substitutes In Your Portfolio (Guest Post From George Spritzer)

Summary

  • Gabelli Global Utility & Income (GLU) is trading at a 12.6% discount and yields 7.20%.

  • Nuveen Real Asset Income and Growth Fund (JRI) is trading at a 14.41% discount and yields 8.60%.

  • Either of these funds can be used as fixed income substitutes for more aggressive investors who want a higher yield.

  • In the article, I describe why the discounts for these closed-end funds may be higher than normal, but over time I believe the market will bring their discounts down closer to their peers.

  • Article by guest writer:  George Spritzer.