FYI: For the third consecutive month both equity CEFs and fixed income CEFs on average
witnessed plus-side performance on a NAV basis (+0.97% and +0.73%, respectively).
For the fourth month in a row equity CEFs posted a positive return on a market
basis (+0.86%), and fixed income CEFs (+0.31%) posted a plus-side market-based
return for the sixth month running. For the month of May all the major U.S. broadbased
indices posted returns in the black. The NASDAQ Composite Price Only Index
(+3.62%) and the Russell 2000 Price Only Index (+2.12%) posted the strongest
returns, while the S&P 500 Composite Price Only Index (+1.53%) and the Dow Jones
Industrial Average Price Only Index (+0.08%) also managed to stay in the black.
However, the global markets didn’t fare as well, with the Shanghai Composite Price
Only Index declining 2.25% and the FTSE 100 Price Only Index losing 0.82% for May.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2016/06/FMIR-US-CE-M-20160531-TR.pdf
