FYI: •For the first month in five equity closed-end funds (CEFs) and fixed income CEFs witnessed plus-side performance on average, rising 7.28% and 2.30%, respectively, on a net-asset-value (NAV) basis for March.
•For March only 16% of all CEFs traded at a premium to their NAV, with 11% of equity funds and 20% of fixed income funds trading in premium territory. Thomson Reuters Lipper’s World Income CEFs macro-classification witnessed the largest narrowing of discounts for the month—214 basis points (bps) to 10.82%.
•For the second consecutive month the Emerging Markets Debt CEFs classification (+5.56%) posted the strongest return in the fixed income CEF universe.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2016/04/FMIR-US-CE-M-20160331-TR-JT.pdf
