Closed-End Fund Commentaries
Jan 27, 2017
Click here to access Closed-End Fund review - Fourth Quarter 2016
2016 was a very solid year for diversified closed-end fund (CEF) investors with the average fund up 8.59% on a share price total return basis according to Morningstar. Unlike 2015 when most of the gains were limited to municipal CEFs, the gains in 2016 were broad—with many categories posting meaningful total return gains.