Western Asset Mortgage Defined Stock News

Many income portfolios are heavily overweight corporate risk whether through equity or credit-linked securities. Consumer-facing risk offers diversification and good value.

CEF Weekly Market Review: Not Too Early To Think About Tax-Loss Rotations

We review CEF market valuation and performance through the second week of December and highlight recent market action.

We review CEF market valuation and performance over the fourth week of November and highlight recent mark. The last full week of November continued the weak trend earlier in the month.

'Slip, Slidin Away' - What Happens To Funds That Over-Distribute Their Earnings

We review CEF market valuation and performance over the third week of August and highlight recent market events. August has delivered fairly flat returns so far with CEF sectors following the moves in

The Month In Closed-End Funds: July 2021

We review CEF market valuation and performance over the first week of June and highlight recent events. The CEF market pushed higher at the start of June with a favorable backdrop of stable Treasury y

Using Term Funds For A Source Of Cash During Market Sell-Offs

Expensive valuations, low underlying yields and increased issuer calls have generated concerns about CEF distribution cuts. We take a look at ways investors can mitigate the risk of CEF distribution c

DMO is a leveraged CEF invested in mortgage backed securities, in both the residential and commercial sectors. The fund has a slight discount to NAV and an attractive yield, so it does look tempting h

Key Themes Of The CEF Market

5 out of 23 CEF sectors positive on price and 7 out of 23 sectors positive on NAV last week. Risk-off as MLPs and convertibles lag.

Equities continued to advance to new highs though the rate of change continues to decline. The S&P 500 is on track for its best performing month of August since 1986.

13 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. Commodities lead while MLPs lag.