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NAVigator bonus: Discounts are at widest levels in years, hunker down and buy
Manage episode 407247110 series 3561101
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In a bonus episode of The NAVigator, John Cole Scott, president of Closed-End Fund Advisors and the chairman of the Active Investment Company Alliance, discusses the historic level of deep discounts he is seeing in closed-end funds, and how that translates to buying opportunities now. Closed-end funds have seldom seen bigger discounts in the last quarter-century, Scott said, and says the current level of yields are helping to confirm the current opportunity, despite the beating that closed-end funds took a year ago. 'Buying after carnage is such a good closed-end fund decision,' Scott says.'You should be uncomfortable with the last three to 12 months of the fund you are buying today, because if it looks bad, it should look better later.'
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