John Cole Scott on how headline risks are impacting closed-end funds
About this episode
John Cole Scott discusses the impact of current headlines on closed-end funds and investment strategies.
John Cole Scott, President of CEF Advisors , says that closed-end funds are being buffeted in two directions due to current headlines, with war in Iran impacting net asset values and anchored interest rates impacting levered closed-end funds and discounts shifting to reflect both situations. Scott, who also serves as the Chairman of the Active Investment Company Alliance , says sectors that have benefitted from the chaos have been MPL and energy funds, while business-development companies and CLO equity funds have suffered. Scott also put his firm's "Trifecta analysis" to work, with four funds to consider now: ticker symbols AFB , ARDC , CSQ and MEGI .
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