Summary
- We review CEF market valuation and performance through the first week of August and highlight recent market action.
- The CEF rally paused this week due to the Fitch downgrade and lower than expected jobs numbers.
- Investors and commentators often focus on the wrong risks of term CEFs.
- It was fairly quiet on the CEF distribution front - we highlight a few changes from Eaton Vance and Western Asset.
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CEF Weekly Review: The Real Risk For Term CEFs © Provided by Seeking Alpha