FYI: For the third month in a row equity CEFs on average witnessed a plus-side return on
a NAV basis and on a market basis, however rising only 0.11% and 0.03%, respectively,
for June. For the second month in three their fixed income CEF counterparts posted
a negative return on a NAV basis (-0.01%) and a market basis (-0.13%). Trade-war
rhetoric and central bank meetings kept the equity rally at bay during the month,
but investors still pushed tech and small-cap issues to the top of the charts. The
NASDAQ Composite Price Only Index and the Russell 2000 Price Only Index posted
the strongest returns for the month—rising 0.92% and 0.58%, while the Shanghai
Composite Price Only Index posted the lowest return of the international broad-based
indices, declining 11.13%.
Regards,
Ted
http://lipperalpha.financial.thomsonreuters.com/wp-content/uploads/2018/07/FMIR-US-CE-M-20180630-TR.pdf
