Just like a smart driver focuses on the road ahead while scanning all mirrors in the car, smart CEF investors and their advisors should focus on long-term income and cash flow goals, while considering information from all available sources.
Most investors are attracted to funds holding high-yield securities, though significant assets are committed to investment-grade paper.
Hedge funds are crowding into U.S. Treasuries, and that has bond traders bracing for more turbulence.
