CEF INSIGHTS

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.

Thornburg’s Global Equities & Fixed Income Strategy for High Current Income & Global Growth

Thornburg Investment Management’s multi-asset strategy of global dividend-paying equities and diversified fixed income with an options overlay may provide investors with high current income and global growth over time – and help mitigate some risks of today’s market volatility. In this CEF Insights Podcast episode, Thornburg Portfolio Manager and Managing Director Christian Hoffmann discusses opportunities in these asset classes, the 2023 outlook, and more views on the current market.

Thornburg is a privately held global investment firm delivering on strategy for institutions, financial professionals, and investors worldwide, and offers a variety of products including closed-end funds. Its Thornburg Income Builder Opportunities Trust, ticker TBLD, allocates between global equities and fixed income to support an income stream as well as total return for investors.

Cohen & Steers, Building a Diversified Portfolio of CEFs

Doug Bond, Executive Vice President and Portfolio Manager with Cohen & Steers discusses the closed-end fund market and the potential for a diversified portfolio of closed-end funds to provide opportunities for income-oriented investors in a challenging market environment.

Opportunities in Energy & MLPs

Chris Eades, Portfolio Manager with ClearBridge Investments, a Franklin Templeton affiliate, discusses the energy market and the potential for MLP strategies to provide solutions in a challenging market environment for income-oriented investors.

Opportunities & Diversification in Gold, Precious Metals, and Minerals

Investors are seeking diversification amid ongoing market uncertainty, and allocating equities to the gold, precious metals, and minerals sector may offer this and other benefits. In this CEF Insights Podcast episode, Merk Investments President & Chief Investment Officer Axel Merk and Portfolio Manager Jamie Holman explore opportunities in the sector and share views on the U.S. and global economies heading into 2023.

 

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. 

Nuveen’s Preferred Securities Strategy for Navigating Market Challenges

Exposure to the preferred securities sector provides a degree of portfolio diversification investors may not get from traditional fixed income. In this CEF Insights Podcast episode, Nuveen portfolio managers discuss how preferred securities strategies can help investors navigate current market challenges, and the outlook for the preferred sector and broader market.

 

Nuveen, the investment manager of TIAA, offers a comprehensive range of outcome-focused investment solutions including preferred securities. Its Nuveen Preferred and Income Fund, ticker JPT, Nuveen Preferred and Income Opportunities Fund, ticker JPC, Nuveen Variable Rate Preferred and Income Fund, ticker NPFD, and Nuveen Preferred and Income Term Fund, ticker JPI, aim to generate current income and total return.

Opportunities in Senior Floating Rate & High Yield Fixed Income Strategies with First Trust

Senior floating rate and high yield fixed income strategies are typically considered attractive options for investors seeking income and protection in rising rate environments. In this CEF Insights Podcast Episode, First Trust Managing Director of Fixed Income and Senior Portfolio Manager William Housey discusses opportunities within these asset classes, the impact of a possible recession in 2023, and more views on the current market.

First Trust is a leading investment management firm offering a variety of advisory services and investment products, including diversified, closed-end funds. Its First Trust Senior Floating Rate Income Fund II, ticker FCT, and First Trust High Yield Opportunities 2027 Term Fund, ticker FTHY, seek to offer current income, and focus on senior loans and high yield bonds, respectively.

Oaktree’s Multi-Sector Income Opportunities

Investors seeking income protection may struggle with traditional fixed income investments as interest rate risk challenges an asset class that has typically provided diversification. In this CEF Insights Podcast Episode, Oaktree executives Danielle Poli and Wayne Dahl discuss the opportunities of more specialized investments and a multi-sector income strategy, and the current market outlook.

 

Oaktree is a leader among global investment managers specializing in alternative investments. Its Diversified Income Fund, ticker ODIDX, is an interval fund with an objective to seek current income and attractive total return by investing globally in high-conviction opportunities across Oaktree’s performing credit platform in both public and private markets.

Calamos’ Alternative Equity Strategy For Income Investors

Ongoing market volatility caused by inflation, rising interest rates, and other factors presents challenges for income-oriented, risk-conscious investors. In this CEF Insights Podcast Episode, Calamos Investments executives Bob Bush and Michael Grant share views on the current market outlook and where investors can find opportunities in alternative equity strategies. 

 

Calamos Investments is a leader in alternative equities. Its Long/Short Equity and Dynamic Income Trust, ticker CPZ, was launched in November 2019 and seeks to provide current income and risk-managed capital appreciation. It is the first closed-end fund to feature a global long/short equity strategy as a primary component of its investment focus.