5 CEFs That Crush the Market and Yield Up to 8%

Something very weird is happening with high-yield closed-end funds (CEFs) : many of them are ridiculously cheap, despite soaring double-digits this year. (And when I say these are “high-yield” funds, I mean it: nearly all of the five funds I’ll show you shortly yield 7% and up!) I know that sounds impossible: a big run-up and a bargain in one buy? It’s true—and it’s the beauty of CEFs: unlike with mutual funds and ETFs, CEFs’ market prices can swing massively from the net asset value (NAV) of their portfolios. That’s because investors often ignore CEFs and fail to bid them up to what they’d be worth if they were liquidated tomorrow.… Read more