Equity CEFs: Which Funds To Buy And Sell Right Now - Part IV
By Douglas Albo:
I'm going to go back to a few funds that I have written about previously since nobody seems to understand where to find value in high yielding equity Based closed-end funds (CEFs) these days.What's funny is that value, which I define as funds with excellent Net Asset Value (NAV) total return performance combined with unappreciated market pricing, sits right under the noses of investors who would seem to rather own the larger and more popular funds from these fund sponsors. With that in mind, I'd like to make some swap suggestions out of some of these more popular funds and into better value funds. Let's start with the Allianz/PIMCO funds.
Sell NFJ, Buy NIE
I'm sorry, but the AllianzGI NFJ Dividend, Interest & Premium fund (NFJ), $18.15 market price, $18.55 NAV, is a very average performing fund at the NAV level, despite its popularity with investorsComplete Story »