FYI: Market gains and more-investor-friendly structures have spurred a spate of new closed-end funds.
So far this year, there have been six new funds totaling $3.6 billion, the most since 2014, and up from four funds totaling just $350 million in 2018, according to Morningstar.
The closed-end market is dominated by yield-oriented funds focused on bonds and high-yielding equities like master limited partnerships and real estate investment trusts. The 2019 crop has been true to those themes. The year’s largest closed-end funds have been BlackRock Science & Technology Trust II (ticker: BSTZ), Nuveen Municipal Credit Opportunities (NMCO), and (NRGX).
Regards,
Ted
https://www.barrons.com/articles/6-new-closed-end-funds-worth-a-look-51572044743?mod=past_editions
