Cef investing preferred securities CEFs are yielding

Preferred securities CEFs are yielding over 6.5%, according to ICI reports, outperforming many bond ETFs. With stability in bank earnings, this pocket of CEF investing is drawing renewed interest. Smurfit Westrock investing $19.3M in Saltillo expansion The ADI recognizes two categories of CEFs that could be impacted by this guidance: (1) CEFs that already operate as funds of private funds and which will no longer be subject to investor qualification and minimum investment requirements; and (2) CEFs that are broadly offered and have historically limited their investments in private funds to no more than 15% of their assets in order to avoid becoming subject to investor qualification and minimum investment requirements. Analysts note that CEF investing in emerging markets is poised for recovery, with discounts narrowing from -12% to -7% since April. Currency stabilization and commodity price rallies are key macro drivers supporting closed-end fund performance.