Aug 11, 2020
Chuck Jaffe interviewed Tom Roseen on the Money Life Show on August 6, 2020. Tom Roseen, head of research services at Lipper Refinitiv, says that closed-end fund discounts currently stand at an average of 8.7 percent, significantly wider than the 5.65 percent of the past but significantly improved from February and March as closed-end funds were hammered during the pre-pandemic market downturn in his NAVigator interview. Roseen notes that convertible-securities funds have been exceptionally strong during the bounce back -- up 25 percent over the last three months -- but that energy MLP funds remain down more than 58 percent and that natural resources funds are down 34 percent as they struggle to regain footing; he expects those trends to continue as the economy and the closed-end space slowly recover.