Time To Extract Value From CEF Investment Recommendation – Payoff Pitch

Time To Extract Value From CEF Investment Recommendation - Payoff Pitch by 720 Global

[buffett]

On July 20, 2015 we wrote a strategic article entitled “Finding Value in the Ninth Inning of the Great Bond Rally” which made the case for an investment in closed end mutual funds (CEF's) backed by municipal bonds. This article reviews the original investment thesis, updates the reader on the performance and attributes of the securities we recommended and concludes with new advice on the position.

In the original article, we analyzed 50 muni?backed CEF's in order to select a manageable subset of securities offering the most potential. The analysis supporting the recommendation relied upon many self?imposed factors and risk constraints, many of which we...