Michael Foster, PhD, has worked as an equity analyst for a decade, focusing on fundamental analysis of businesses and portfolio allocation strategies. Dr. Foster reports are widely read by analysts and portfolio managers at some of the largest hedge funds and investment banks in the world, with trillions of dollars in assets under management. He received his PhD in 2008 and continues to offer consulting services to institutional investors and ultra-high-net-worth individuals.
There's a lot of rhetoric flying around about the debt ceiling these days, and it's set up a very nice opportunity for us to buy a 7%-yielding closed-end fund (CEF) we always have on our watch list. That would be the Nuveen Nasdaq 100 Dynamic Overwrite Fund (QQQX), explains Michael Foster, editor of CEF Insider.
The Economist called it like it is recently, pointing out that everyone—even some of the smartest folks in finance—has blown it with their forecasts in the last few years. The lack of clarity on the market’s near-term direction nicely tees up this pick: A 5.5%-paying (and 7.6%-discounted) municipal-bond fund called the Nuveen Municipal Credit Opportunities Fund (NMCO), argues Michael Foster, editor of CEF Insider.
Most of the breathless coverage about the fate of America’s banks is way off the mark. But it has created a CEF buying opportunity this month – the John Hancock Financial Opportunities Fund (BTO), explains Michael Foster, editor of CEF Insider.
We’ve got a nice opportunity sitting in front of us in corporate bonds, which were more oversold than stocks last year. It’s the Western Asset High Income Opportunity Fund (HIO), a classic high-yield bond fund sporting a variety of issues that are mainly from bigger companies, contends Michael Foster, editor at CEF Insider.
“CEF professor,” Michael Foster, delivers every month in CEF Insider. The picks he serves up are handpicked to throw off safe 7%+ yields and 15% total returns in 12 months or less!Learn More