Published Thu, 06 Dec 2018 09:20:07 -0500 on Seeking Alpha
The opportunities in closed-end funds over the last few months caught the eye of many investors. Most of these products are designed to provide a steady stream of income, usually on a monthly or quarterly basis, as opposed to the biannual payments provided by individual bonds. And this feature continues to attract market participants even when the overall market looks unstable.
In spite of CEFs being mostly of interest to income investors, we have found our path to approach them as active traders and we are constantly monitoring them. As a testament to this, you will be kept up to date with Weekly Reviews such as the one below.
Definitely one of the best weeks for the sector for the past two months. The iShares iBoxx $ High Yield Corporate Bond ETF (HYG) increased its price by $0.89 to finish the week at $83.60 per share. The high-yield closed-end funds are still pretty close to their lowest levels for the year and they will have a long way to go before trading in the price range which was observed until the month of September. Of course, the performance of the stock market will have a key role in that task as the sectors are correlated and can be highly affected by the credit risk mood of the market participants.
Source: Barchart, iBoxx $ High Yield Corp Bond iShares
Statistical Comparison And Spread Review Of The Sector
High-yield bonds are typically evaluated on the difference between their yield and the yield on the US... Read more
|Stock name||Last trade||P/E||Earnings/Share||Dividend/Share||Dividend yield|
|MFS INTERMEDIATE HIGH INCOME FUND||2.25||0.0||0.00||0.00||10.75|
|WELLS FARGO ADV INCOME OPP FUND||7.57||0.0||0.00||0.00||9.65|
|NEUBERGER BERMAN HIGH YIELD STRATEGIES FUND||10.34||0.0||0.00||0.81||7.93|
|ALLIANCEBERNSTEIN GLOBAL HIGH INCOME FUND||10.77||0.0||0.00||0.00||7.80|
|ISHARES IBOXX $ HIGH YIELD CORPORATE BOND FUND||83.31||0.0||0.00||4.47||5.39|
|SPDR S&P 500 ETF||269.84||0.0||0.00||5.02||1.86|
Older articles featuring Mfs Intermediate High Income Fund (CIF):Weekly Review: High-Yield CEFs - 9% Yield Accompanied By One Of The Lowest Z-Scores
4 Things You Should Know About High-Yield Bonds
Weekly Review: High-Yield CEFs - 9% Yielder Is Traded At 14% Discount
PM Perspectives: Our Positive Prognosis For High Yield
Gundlach: U.S. High Yield Spread Heading Into Recession
Weekly Review: High-Yield CEFs - The Relative Analysis Makes Me Think This Fund Is Undervalued
Weekly Review: High-Yield CEFs - A Fund With -3.00 Z-Score Caught My Attention
The Capital Pain Of Reaching For Marginally Higher Yields
Weekly Review: High-Yield CEFs - Why Not Buy The Fund With The Lowest Effective Leverage?
Short-Term High Yield: The Road Less Traveled