MFOHome About Commentary Discussions Funds The Best Resources Support Us!

Howdy, Stranger!

It looks like you're new here. If you want to get involved, click one of these buttons!

Sign In Register

Categories

In this Discussion

  • Mark February 2021
Here's a statement of the obvious: The opinions expressed here are those of the participants, not those of the Mutual Fund Observer. We cannot vouch for the accuracy or appropriateness of any of it, though we do encourage civility and good humor.

    Support MFO

  • Donate through PayPal

Announced Sale of Wells Fargo Closed-End Funds’ Advisor and Subadvisors

hank
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

Comments

  • MarkMark
    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.
Sign In or Register to comment.