UBS ETRACS Mthly Py 2xLvg Closed-End ETN (CEFL)
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I am returning to the subject of closed-end funds. There is no sector of the markets that is more overlooked, less understood, and more full of promise, than closed-end funds.
The only space left with any real yield are some of the closed-end funds. Many of the ones that I like have monthly dividends and while most have leverage, the cost of leverage is just this side of zero.
Since there is barely any yield in investment grade bonds, people and institutions are scrambling. Closed-end funds: the most overlooked sector of the capital markets.
CEF Beta Plays For An Eventual Recovery
Closed-End Funds Without The Work: The Funds Of Funds
The stronger growth with low interest rates scenario persisting for many years may not be as far-fetched as would have been the case earlier.