FYI: For the first month in three equity CEFs on average witnessed a plus-side return on a
NAV basis and a market basis, rising 1.66% and 2.39%, respectively, for April. For the
third month in four their fixed income CEF counterparts posted a negative return on a
NAV basis (-0.15%), and for the fourth consecutive month on a market basis (-0.07%)
they were in the red. Despite an excellent beginning to Q1 2018 earnings season,
market advances were limited by worries of protectionism, geopolitical issues, and
inflation. The NASDAQ Composite Price Only Index just managed to stay in the black
for the month—rising 0.04% for April, while the Russell 2000 Price Only Index posted
the strongest return of the U.S. broad-based indices, chalking up 0.81% for April.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2018/05/FMIR-US-CE-M-20180430-TR.pdf
