FYI: For the seventh consecutive month equity CEFs on average witnessed a plus-side
return on a NAV basis and—for the sixth month in a row—on a market basis (+0.22%
and +0.68%, respectively). Also for the sixth month in a row their fixed income CEF
counterparts, rising 1.43%, chalked up a return in the black on a NAV basis; for the
second consecutive month they also posted a plus-side return on a market basis,
returning 1.28%. Most of the U.S. broad-based indices managed to finish the month on
the plus-side, despite the political drama occurring in our nation’s capital; the NASDAQ
Composite posted the strongest return (+2.50%), and the Russell 2000 Price Only
Index posted the only negative return (-2.16%).
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2017/06/FMIR-US-CE-M-20170531-TR.pdf
