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  • Mark February 2021
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Announced Sale of Wells Fargo Closed-End Funds’ Advisor and Subadvisors

edited February 2021 in Other Investing
Apparently this doesn’t affect their substantial number of open-end mutual funds - many acquired from Strong about 20 years ago. I wonder the extent to which this sale might reflect a market outlook by Wells Fargo, as asset management suffers during times of poor market performance (not their stated reason).

(Unrelated) Generally, the steepening yield curve (higher farther out) has been good for banks and bank stocks this year.

- Announcement from Wells Fargo

- More details from Morningstar

- MarketWatch


  • I see it more as just a move out of the CEF space. I've no clue as to whether or not it's market related but if I see anything on the CEF boards I'll relay them.
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