Market turmoil creates a historic sale in these mutual funds
Closed-end funds have just plunged to their biggest discounts to intrinsic value in years.
Source: marketwatch.com
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Closed-end funds have just plunged to their biggest discounts to intrinsic value in years.
20 out of 23 CEF sectors positive on price and 16 out of 23 sectors positive on NAV last week. Aberdeen and Delaware CEFs are merging, subject to shareholder approval.
I guess I should not have been surprised to see a fund with “dragon” in their name to be so China-focused, but 97+% was a shock.