Analyst Research Report Snapshot

Title:

The Month in Closed-End Funds: May 2011

Price:

$0.00

Provider:

Lipper, A Thomson Reuters Company - Research Series

Date:

03 Jun 2011

Pages:

5

Type:

AcrobatPDF

Companies referenced:

0860.HK 8519.T BAFG.DE BDRP.PA BFKG.BE BNGA.JK BPT.AX CFP.TO DEE.TO ELI1V.HE ESSI.PA HRCO.L IMC.AX IMMCQ.PK KEY.AX KFT.N KSM.V MAVG.F MAZh.V MCA.V MCI.V MEDQ.PK MFT.NZ MHE.MI MMV.V MUHB.KL MUM.AX MUSG.F MVT.V MXA.V NAR.V NCM.AX NCU.TO NGB_pc NGB_pc.B NGB_pc.C NGB_pc.DF NGB_pc.DG NGB_pc.DY NGB_pc.MW NGB_pc.N NGB_pc.P NGB_pc.PH NINE.OQ NKR_pc NKR_pc.B NKR_pc.C NKR_pc.DF NKR_pc.DG NKR_pc.DY NKR_pc.MW NKR_pc.N NKR_pc.P NKR_pc.PH NMB.ZI NMG.BK NP.N NPI.TO NPSP.OQ NPX.NZ NSX.AX NUCG.F NVX.V NXST.OQ NYHG.F NZF.NZ NZW_pc NZW_pc.A NZW_pc.B NZW_pc.C NZW_pc.DF NZW_pc.DG NZW_pc.DY NZW_pc.MW NZW_pc.P NZW_pc.PH PCQ.V PHON.ST PMO.L PNNI.MI PRAI.MI PYN.V PZC.AX RFMI.OQ TDO.AX VKLG.F VTN.TO WCL.AX

Available for Immediate Download
Summary:

- Equity closed-end funds (CEFs) (-1.34%) suffered their first monthly loss in six months, while for the second consecutive month fixed income CEFs posted a positive return, gaining 2.08% on a NAV basis. - All but two equity CEF classifications posted returns in the red for the month of May, while only Flexible Income Funds on the fixed income side suffered a loss. - For the first month in three the World Equity Funds macro-classification (-2.34%) underperformed its Domestic Equity Funds (-1.26%) and Mixed-Equity Funds (+0.40%) counterparts. - Similar to their equity cousins, for the month world income CEFs (+0.32) narrowly lagged domestic taxable bond CEFs (+0.50%), but both significantly underperformed municipal debt CEFs (+3.14%). - For May the median discount of all CEFs narrowed 133 basis points (bps) to 3.41%, remaining above the 12-month moving average of 2.86%. None of the macro-groups witnessed a widening of discounts. In all, 184 funds traded at a premium.

Why buy analyst research?

  • Institutional quality research
  • Available for Immediate Download
  • Detailed company or industry insight
  • Print or save
  • 24 hour customer support
Return to previous page without adding this item to your cart.
Email Customer Support.

About Analyst Research

Analyst research reports are available for immediate download after purchase. You will have unlimited access to the report for 24 hours after purchase, to download, print or save it as many times as you wish. Analyst Research provided by Reuters does not constitute investment advice, and is not endorsed by Reuters Research. This information is protected by copyright and intellectual property laws. More information on Analyst Research.