CEF INSIGHTS

Finding Opportunities into 2024

With 2024 on the horizon, what should investors know about the current closed-end fund environment, discounts, and potential opportunities? Watch the video below for views and insights from Jeff Margolin, First Trust Senior Vice President & Closed-End Fund Analyst, and author of First Trust’s quarterly Closed-End Fund Review.

 

Established in 1991, First Trust Portfolios manages of family of 14 closed-end funds. Learn more about the company here.

MEGI’s Income Opportunities in Infrastructure Megatrends

As infrastructure investing continues to gain investor interest, the MainStay CBRE Global Infrastructure Megatrends Term Fund (MEGI) managed by New York Life Investments takes a unique approach to the asset class. Listen as David Leggette, Lead Product Strategist at CBRE Investment Management, the sub-advisor to the Fund, shares views on factors reshaping the demand for infrastructure assets and potential opportunities presented by MEGI.

MEGI seeks a high level of total return with an emphasis on current income by, under normal circumstances, investing at least 80% of its assets in securities issued by infrastructure companies. Learn more about the Fund here.

Merk Investments on Gold, Precious Metals & Minerals Going Into 2024

Since fall 2022, the inflation rate has slowed but remains a significant issue as interest rates stand over 5% and geopolitical tensions remain heightened. In this CEF Insights Podcast episode, Merk Investments President, Chief Investment Officer & Portfolio Manager Axel Merk and Vice President & Portfolio Manager Peter Maletis share views on the impacts of inflation and interest rates on U.S. and global economies, and on gold, precious metals, and minerals going into 2024.  

 

Merk Investments focuses on gold, precious metals, and minerals, and is the Advisor to ASA Gold and Precious Metals Limited (ticker: “ASA”), a closed-end precious metals fund.  

Convertible Securities Benefits & Opportunities in Today’s Challenging Market

While investment markets have been challenging, convertible securities offer attractive yields with low duration while providing investors with the ability to participate in the potential for equity market returns.  Learn more from F. Barry Nelson, Partner and Senior Advisor at Advent Capital Management, a leader in managing convertible securities.

Advent Capital Management is the Investment Adviser of the Advent Convertible and Income Fund, ticker AVK, which aims to provide total return through a combination of capital appreciation and current income. The Servicing Agent for the Fund is Guggenheim Funds Distributors.

ClearBridge’s Investments on Generating Equity Income

Market risks remain elevated as higher interest rates and other financial conditions slow economic activity. But with a diversified portfolio of high-quality income producing equities, investors may find downside protection and upside participation at typically lower risk and volatility than the broader market. Learn about the benefits and potential opportunities of income-oriented equities from Peter Vanderlee, Managing Director at Franklin Templeton affiliate ClearBridge Investments, and Portfolio Manager of LMP Capital and Income Fund, ticker SCD. 

The LMP Capital and Income Fund, ticker SCD, seeks total return with an emphasis on income by, under normal market conditions, investing at least 80% of the sum of its average daily net assets in a broad range of equity and fixed income securities of both U.S. and foreign issuers.

CBRE Investment Management, Opportunities in Global Real Estate

Analysis of similar historical environments may suggest favorable market conditions for global real estate investment.   The CBRE Global Real Estate Income Fund (ticker “IGR”), provides exposure to income-producing equity securities that the Fund’s management team believe are attractively valued.  In this CEF Insights Podcast episode, CBRE Investment Management Lead Product Strategist, David Leggette discusses the investment approach of IGR, real estate market valuations, and current market opportunities. 

The CBRE Global Real Estate Income Fund, ticker IGR, seeks high current income and capital appreciation by investing globally with an emphasis on the income-producing common equity and preferred stocks of real estate companies.

abrdn on Emerging Markets, Supply Chain Shifts & Rising Rates

After some challenging years, the reopening of China, supply chain shifts, and other market factors point toward possible opportunities in global emerging markets for investors seeking income and long-term appreciation. In this CEF Insights Podcast episode, abrdn Senior Investment Director and Portfolio Manager Nick Robinson shares views on these opportunities and more views on the current market.  

 

abrdn is a global investment company with 11 closed-end funds including the abrdn Emerging Markets Equity Income Fund, ticker AEF. The investment goal of the fund is to provide both current income and long-term appreciation by selecting companies in growing economies with strong governance and straightforward financials.

CEF Insights Quarterly Review: January 2023 Interview - Tom Roseen

Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discuss Tom’s insights on the closed-end fund market.

CEF Insights Quarterly Review: January 2023 Interview - Tom Roseen

Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discuss Tom’s insights on the closed-end fund market.

Income Opportunities in Global Infrastructure

By 2040, it is estimated that over $100 trillion of investment will be required to repair, modernize, and build new infrastructure assets critical to societies around the globe. Much of the necessary investment will come from publicly traded companies which are included in the MainStay CBRE Global Infrastructure Megatrends Fund, ticker MEGI. In this CEF Insights Podcast episode, CBRE Investment Management Principal and Portfolio Manager Hinds Howard discusses opportunities in this sector, the 2023 outlook, and more views on the current market.

 

The investment goal of MEGI is to seek a high level of total return with an emphasis on current income. MEGI is managed by New York Life Investment Management, and CBRE Investment Management is the fund’s subadvisor.