Closed-End Funds Grow Larger, Cheaper in Q4 2025
After the Fed's benchmark rate cut on September 17, 2025, investors moved quickly into municipal bond closed-end funds (CEFs), international bonds, and preferred equity: sectors that stood gain swift relief from the quarter-point rate reduction.
Nuveen’s Baker: Look beyond yield to find opportunity in preferreds
Doug Baker, head of preferred securities at Nuveen, says that while it is relatively common now to find preferreds with yields above 7 percent, the real opportunity for investors at the moment comes from looking beyond the yield.
A ‘Wall of Meh’ in sentiment is an opportunity for closed-end fund investors
Rob Shaker, portfolio manager at Shaker Financial Services, says that economic conditions -- the debt-ceiling debate, troubled banks, higher interest rates and persistent inflation -- have created a situation where the market isn't climbing the proverbial wall of worry,...


