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Insight2016-08-01T14:51:33-04:00

Closed-end funds can be their own asset class for delivering income

January 24th, 2020|Comments Off on Closed-end funds can be their own asset class for delivering income

Mitch Reiner, chief operating officer at Capital Investment Advisers, says he considers closed-end funds one of six key asset classes for delivering income in an investment portfolio, and while he acknowledged that his view is unique because closed-end issues...

John Cole Scott answers questions on closed-end fund basics

January 17th, 2020|Comments Off on John Cole Scott answers questions on closed-end fund basics

Audience members have questions, and John Cole Scott has answers. The chief investment officer at Closed-End Fund Advisors and executive chairman of the Active Investment Company Alliance answers three queries from audience members this week...

Aberdeen’s Pittard: US closed-end opportunities are growing and changing

January 10th, 2020|Comments Off on Aberdeen’s Pittard: US closed-end opportunities are growing and changing

Christian Pittard, group head of product opportunities for Aberdeen Asset Management, says that changing structures have made initial-public offerings in closed-end funds more attractive, and were responsible for a big increase in IPO activity in America in 2019 that he expects to continue...

15Dec, 2023

AICA CEF Panel: Bank Debt, Tax-Exempt Muni Bonds Offer Yield Option for Income Seekers

By |December 15th, 2023|2023 Fall Roundtable, Articles|

With bank debt priced for a crisis and tax-exempt municipal bonds generating unprecedented yields, there’s never been a better time for advisors to coax income-seeking retail  investors out of money markets and into select closed-end funds (CEF) to help them manage recessionary risk, a leadership panel at AICA’s 2023 Fall Roundtable said. This  window of opportunity could be short-lived, but it’s one that potentially offers attractive yield relative to other fixed income asset classes, experts from Angel Oak, abrdn, and  Nuveen said at the November 15, 2023, event in New York City.

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Disclosure: This content is provided for informational and educational purposes only and is intended solely as a summary of the views expressed. The opinions expressed are those of the speakers and/or presenters as of the date of the content, are their own opinions, may not be the opinions of AICA and are subject to change without notice.

The information contained herein should not be construed as investment advice, a recommendation to buy or sell any security, or an offer to provide advisory services.

References to specific securities, sectors, investment strategies, or market conditions are for illustrative purposes only and do not constitute investment recommendations. Any discussion of investment strategies may not be suitable for all investors, and there can be no assurance that any strategy will achieve its intended objectives.

Listed closed-end funds (CEFs) and business development companies (BDCs) trade on exchanges at prices that may be above or below their NAVs. There is no guarantee that an investor can sell shares at a price greater than or equal to the purchase price, or that a CEF’s or BDC’s discount will narrow or be eliminated. Non-listed closed-end funds and business development companies do not offer investors daily liquidity, but rather on a quarterly or semi-annual basis, often on a small percentage of shares. CEFs often use leverage, which can increase a fund’s risk or volatility. The actual amount of distributions may vary with fund performance and other conditions.

Past performance is not indicative of future results. All investments involve risk, including the possible loss of principal. Forward-looking statements, expectations, and projections are inherently uncertain, and actual results may differ materially from those discussed.

This content does not take into account the specific investment objectives, financial situation, or particular needs of any individual investor. Prospective investors should consult their financial, legal, and tax advisers before making any investment decision.

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Disclaimer Statement

Active Investment Company Alliance The Active Investment Company Alliance (“AICA”) is a trade association committed to educating and engaging investment professionals and investors about closed-end management companies: listed and non-listed closed-end funds, business development companies, interval funds and tender offer funds. The alliance supports transparency and, therefore, does not allow any agent, employee or representative to personally solicit any investment or accept any monies to be invested in a particular fund or security.

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