Meet NAVigator Podcast host Chuck Jaffe
Jane King interviews financial journalist Chuck Jaffe, host of AICA’s NAVigator Podcast. Jaffe discusses the genesis and purpose of the podcast, saying its aim is to enlighten the public about closed-end funds and spotlight the investment industry professionals who work with them. He says podcast discussions are never scripted and seek to provide a useful mix of educational and timely fund performance information.
AICA’s John Cole Scott: Expect the weak to get stronger in 2023
John Cole Scott, chief investment officer at Closed-End Fund Advisors -- the chairman of the Active Investment Company Alliance -- says that investors looking for the top sector bets in the new year will want to look at some of 2022's weakest areas, most notably real estate investment trusts (REITs) and real assets...
2022 Year in Review: Promising opportunities arise from tough times
John Cole Scott, chief investment officer at Closed-End Fund Advisors -- the chairman of the Active Investment Company Alliance -- takes a look back at the challenging times experienced by the closed-end fund industry this year...
VettaFi’s Morris: For investors playing defense, midstream companies make sense
Stacey Morris, head of energy research at VettaFi -- part of the team involved in the Alerian Energy Infrastructure Index suite -- says that energy markets are likely to remain tight and keep dealing with inflation in 2023, both of which can be tailwinds to energy companies and especially midstream companies...
RiverNorth’s O’Neill: ‘Tis the season to go discount and bargain hunting
Steve O’Neill, who co-manages the closed-end fund trading strategies and oversees the closed-end fund analysts at RiverNorth, says the timing is right for closed-end fund investors looking for big discounts that will likely be shrinking...
Saratoga’s Oberbeck: The Fed’s moves have put BDCs in a good spot
Chris Oberbeck, chairman and chief executive officer at Saratoga Investment Corp. -- one of the industry's largest publicly traded business-development companies -- says that BDCs have been a relative sweet spot during this year's troubled times largely because...
John Cole Scott goes discount shopping for Black Friday
With holiday shopping bargains on everyone's mind, John Cole Scott, chief investment officer at Closed-End Fund Advisors -- the chairman of the Active Investment Company Alliance -- sorts through the big discounts in the closed-end fund world to come up with the best bargains...
First Trust’s Grayson: Interval funds are a way to zig against the market’s zag
Michael Grayson, portfolio manager for First Trust Capital Management -- where he oversees their Alternative Opportunities, Private Credit and Real Assets funds -- says that investors should be sacrificing some liquidity for the flexibility to get different assets into their portfolios...
Oppenheimer’s Penn: BDC payouts have improved, but credit risk is up too
Mitchel Penn, managing director of equity research at Oppenheimer & Co., says that business development companies have seen yields rising in line with higher interest rates, a trend he sees continuing while the Federal Reserve continues hiking rates...
CEFA’s Scott: Rate uncertainty creates values in muni bonds
John Cole Scott, chief investment officer at Closed-End Fund Advisors -- chairman of the Active Investment Company Alliance -- says that today's rate uncertainty has created attractive entry points for some municipal-bond funds because they are trading at big discounts...
Parametric’s Milner: Closed-end funds are reaching a point of ‘great opportunity’
Mark Milner, senior investment strategist at Parametric Portfolio Associates, says that a lot of asset classes of closed-end funds have now reached double-digit discount territory, "which historically has been a good opportunity to buy closed-end funds,"...