NAVigator bonus: As market nears record highs, Boughton still finds lots to buy
The NAVigator · Active Investment Company Alliance
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Show Notes
Eric Boughton, chief analyst at Matisse Capital and portfolio manager for the Matisse Discounted Closed-End Fund Strategy, says that while the stock market has roared this year, things haven't changed much with the closed-end fund space this year, meaning there are plenty of highly discounted issues, particularly in muni bonds and some other fixed-income spaces, as well as international funds. He notes that many closed-funds that were good deals based on discounts a year ago haven't narrowed those bargains but now deliver improved yields, which is why he is buying certain issues now 'hand over fist.'