FYI: For the fourth consecutive month equity CEFs and fixed income CEFs on average
suffered downside performance on a NAV basis (-0.34% and -0.14%, respectively) for
February, while for the first month in four equity CEFs posted a positive return on a
market basis (+0.42%) and fixed income CEFs (+1.02%) posted a plus-side market-based
return for the third month running. For the month of February most of the major broadbased
indices posted negative returns. The Dow Jones Industrial Average Price Only
Index posted the only return in the black (+0.30%), while the S&P 500 Composite Price
Only Index lost 0.41% and the NASDAQ Composite Price Only Index (-1.21%) suffered
the largest decline of the U.S. broad-based indices. The German Xetra DAX Total Return
Index was one of the worst performing indices in the global market, declining 2.69% for
February.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2016/03/FMIR-US-CE-M-20160229-TR-JT.pdf
