The crises in Ukraine and the Middle East dragged on European stock CEFs, but Asian-focused funds shone last month.
Equity CEFs were among the top-performing funds in the CEF universe in the first half of 2012.
Tekla World Healthcare Fund Paid Distribution
Tekla Healthcare Opportunities Fund Paid Distribution
As oil prices continued to tank, commodity and energy funds took a nosedive.
In all, it was a good year for equity-focused CEFs.
Expect the unexpected when looking at narrow ETF portfolios.