Fitch Affirms Preferred Shares of Two Deutsche Closed-End Funds at 'AAA'
Certain Deutsche Closed-End Funds Declare Monthly Distributions
As the Fed intends to keep interest rates low for the next few years, muni-CEF investors should maintain a close watch on their funds' call exposure.
If investors don't watch out, their fund might get hit by changes in the yield curve.
The Bond King's departure had a small impact on CEF performance compared with the onslaught in the commodities market.
Morningstar's Steve Pikelny cautions closed-end fund investors to be aware of the risk/reward trade-offs as well as high premiums when searching for extra yield.