In a tight-spread, higher-for-longer rate market, discounts matter again
About this episode
John Cole Scott discusses the importance of identifying investment opportunities in a market with wide index discounts and improving fundamentals.
John Cole Scott, President of CEF Advisors , says that index discounts are wide when compared to their three-year history, which makes it important for investors to find names where wide discounts are supported by improving fundamentals. Scott, who also is chairman of the Active Investment Company Alliance , says that both the national muni CEF index and the taxable bond CEF index have seen wider discounts that have "flipped relative values" especially given current economic conditions. Using his firm's "trifecta analysis," Scott examines four funds that he sees as the right kind of opportunities now.
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