by Tom Roseen.
For the first month in seven, domestic taxable bond CEFs jumped to the top of the leaderboard, posting a 0.44% return on average, followed by municipal bond CEFs (+0.24%) and world income CEFs (-0.21%). The world income CEFs macro-group was dragged down by the Emerging Markets Hard Currency Debt CEFs (-1.03%) and Global Income CEFs (+0.12%) classifications. For the second month in a row, the municipal debt CEFs macro-group posted a plus-side return (+0.24%) on average, with all nine classifications in the group experiencing plus-side returns for November.
For November, the median discount of all CEFs narrowed 19 bps to 6.17%—still narrower than the 12-month moving average median discount (7.49%). In this report, we highlight November 2019 CEF performance trends, premiums and discounts, and corporate actions and events.
Download our Closed-End Funds FundMarket Insight Report: The Month in Closed-End Funds: November 2019 here.
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