For the month only 58% of all closed-end funds (CEFs) posted net-asset-value (NAV)-based returns in the black, with 35% of equity CEFs and 75% of fixed income CEFs chalking up returns in the plus column. A move toward interest rate-sensitive assets helped related CEF classifications outperform the other classifications for March. Real Estate CEFs (+1.51%) jumped to the top of the equity charts for the first month since December 2015, followed by Utility CEFs (+1.47%). For the fifteenth month in 16 domestic taxable bond CEFs posted a plus-side return on average (+0.07%), but they underperformed their world income CEFs (+0.18%) and municipal bond CEFs (+0.45%) counterparts. In this report we highlight March 2018 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: March 2018 here.
Thomson Reuters Lipper delivers data on more than 265,000 collective investments in 61 countries. Find out more.