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CEF Insights Market Update: November Review
Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discuss Tom’s insights on November's closed-end fund market.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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CEF Insights Market Update: October Review
Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discuss Tom’s insights on October's closed-end fund market.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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CEF Insights Market Update: September Review
Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discusses Tom’s insights on September's closed-end fund market.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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CEF Insights Market Update: August Review
Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discusses Tom’s insights on August's closed-end fund market.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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CEF Insights Market Update: July Review
Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discusses Tom’s insights on July's closed-end fund market.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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CEF Insights Market Update: June Review
Tom Roseen, Head of Research Services with Refinitiv Lipper & author of the Fund Market Insight Report alongside the Closed-End Fund Association discuss Tom’s insights on June's closed-end fund market.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Lipper’s April-May Closed-End Fund Market Review
Tom Roseen, Head of Research Services with Refinitiv Lipper and author of the Fund Market Insight Report and the Closed-End Fund Association discuss Tom’s insights on April's closed-end fund market and how that is following through into May.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Lipper’s March-April Closed-End Fund Market Review
Tom Roseen, Head of Research Services with Refinitiv Lipper and author of the Fund Market Insight Report which provides in depth monthly commentary on the closed-end fund market and the Closed-End Fund Association discuss Tom’s insights on March's closed-end fund market action.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Lipper’s February Closed-End Fund Market Review
Tom Roseen, Head of Research Services with Refinitiv Lipper and author of the Fund Market Insight Report which provides in depth monthly commentary on the closed-end fund market and the Closed-End Fund Association discuss Tom’s insights on February's closed-end fund market action.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Lipper’s January Closed-End Fund Market Review
Tom Roseen, Head of Research Services with Refinitiv Lipper and author of the Fund Market Insight Report which provides in depth monthly commentary on the closed-end fund market and the Closed-End Fund Association discuss Tom’s insights on January's closed-end fund market action.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Lipper’s December Closed-End Fund Market Review
Tom Roseen, Head of Research Services with Refinitiv Lipper and author of the Fund Market Insight Report which provides in depth monthly commentary on the closed-end fund market and the Closed-End Fund Association discuss Tom’s insights on December's closed-end fund market action.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Lipper’s November Closed-End Fund Market Review
Tom Roseen, Head of Research Services with Refinitiv Lipper and author of the Fund Market Insight Report which provides in depth monthly commentary on the closed-end fund market and the Closed-End Fund Association discuss Tom’s insights on November’s closed-end fund market action.


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Refinitiv Lipper
Tom Roseen
Head of Research Services

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Real Estate Strategies For A Diversified Portfolio
Kate Davis, President & Portfolio Manager of Broadstone Real Estate Access Fund at Broadstone Real Estate and The Closed-End Fund Association have a discussion about the impact of institutional quality real estate strategies to reduce volatility and diversify investment portfolios.


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Broadstone Real Estate
Kate Davis
President & Portfolio Manager

Precious Metals For Late Cycle Diversification
Axel Merk, President and Chief Investment Officer of Merk Investments and The Closed-End Fund Association have a discussion about how precious metals can provide diversification for a traditional stock/bond portfolio.


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Merk Investments
Axel Merk
President and Chief Investment Officer

Infrastructure, Defensive & Diverse
Bob Becker, Senior Vice President, Portfolio Manager, Global Infrastructure at Cohen & Steers and The Closed-End Fund Association have a discussion highlighting the current environment, defensive characteristics and opportunities in listed infrastructure.             


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Cohen & Steers
Bob Becker
Senior Vice President, Portfolio Manager, Global Infrastructure

Emerging Markets Debt: Diversification & Yield
Mark Hughes, Portfolio Manager & Research Analyst on The Emerging Markets Debt Team at Western Asset Management discusses emerging markets debt as a diversifier and yield enhancer within a fixed income portfolio.


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Western Asset
Mark Hughes
Portfolio Manager & Research Analyst on The Emerging Markets Debt Team

Senior Loans, Positioning in 2019
Brian Good, Senior Managing Director, Co-Head of Tradable Credit at THL Credit discusses why senior loans are a good way to invest based on their high income potential, low interest rate risk and lower volatility compared to core investments.


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THL Credit
Brian Good
Senior Managing Director, Co-Head of Tradable Credit

Alternative Income Opportunities in Private Credit Markets
Kim Flynn, Managing Director for alternative investments at XA Investments. The following Q&A recaps a discussion about how institutional strategies in alternative income investments can be accessed through closed-end funds. Less liquid investments and the private credit markets provide additional income as well as diversification from traditional bond exposures.


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XA Investments
Kim Flynn
Managing Director for alternative investments

Investment Flexibility in Volatile Markets
Bob Bush, Senior Vice President with Calamos, discusses 1) the benefits of investment flexibility and active management in volatile markets; 2) convertibles as a risk-managed way to invest in equity markets and; 3) evaluating closed-end funds for your portfolio.


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Calamos Investments
Bob Bush
Senior Vice President

Winning by not losing: Convertible Bonds and Closed-End Funds
Convertible securities found in closed-end funds offer a compelling opportunity to add value in portfolios given the volatility that has re-emerged in the market. Historically, convertibles have outperformed all other fixed income classes in periods of rising rates. Find out more about all the potential benefits of convertibles from a leading money manager in this asset class.


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Advent Capital Management LLC
F. Barry Nelson
Partner (Retired)

Market Outlook: Senior Loan Edition
First Trust’s Bill Housey, Senior Portfolio Manager for the Leveraged Finance Investment Team, discusses the senior loan sector and overall U.S. economy.


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First Trust
Bill Housey
Senior Portfolio Manager

Midyear Outlook: Infrastructure, MLPs and the CEF Market
The Closed-End Fund Association checks in with two Cohen & Steers’ experts for a mid-year review of the MLP, infrastructure and CEF markets. Special guests Doug Bond and Bob Becker are both portfolio managers who have decades of investment experience in their respective asset classes.


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Cohen & Steers
Doug Bond
Executive Vice President & Portfolio Manager

Robert Becker
Senior Vice President & Portfolio Manager, Infrastructure Portfolios

Interval Funds: A New Approach for Alternative Investing
Interval Funds are changing the way investors approach alternative investments, and are democratizing exposure to an area of the market that has historically only been available to the world’s largest investors. In this discussion we're taking a look at interval funds, an investment structure that lives under the closed-end fund umbrella.


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ALPS
Moderator: Jeremy Held
Senior Vice President and Director of Research

Tortoise
Jeremy Goff
Managing Director

FS Investments
Brody Browe
Managing Director

Investing Opportunities in Europe Amidst A Changing Global Economy
Joined by Gerd Kirsten, CFA, Portfolio Manager, The European Equity Fund, we discuss investment trends and opportunities in the European market.


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Deutsche Asset & Wealth Management
Gerd Kirsten
Portfolio Manager - The European Equity Fund


Perspectives on Global Equities
Amidst a very public international trade dialogue, Italy's volatile political situation, Brexit's impending consequences and the Fed continuing to hike US interest rates, this discussion focuses on global equity. Throughout the podcast we’ll hear about the New Ireland Fund’s single-country fund approach and the overall outlook for Ireland and Europe, also taking a look at Canada’s investment landscape and the overall emerging market sector.


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Canadian General Investments, Ltd.
Jonathan Morgan
President & CEO

The New Ireland Fund
Noel O'Halloran
Chief Investment Officer — KBI Global Investors
Portfolio Manager — The New Ireland Fund

MLPs: How Perceived Market Foe May be Fundamental Investment
Despite MLPs having a challenging start to the new year, we're going to consider the potential for improvement over the remainder of 2018.


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Advisory Research
Jim Cunnane
Managing Director and Chief Investment Officer

Tortoise
Ed Russell
Managing Director

Munis: Implications & Opportunities Amid Changing Reform and Legislation
A discussion on the outlook for municipals throughout a year of rising interest rates and changes to federal legislation.


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Nuveen Asset Management
Purva Patel, CIMA®
Senior Vice President, Client Portfolio Manager

Western Asset
Robert Amodeo, CFA
Head of Municipals

Specialty Sectors: From Gold to Real Estate
Representing different sectors of the investing spectrum, these speakers came together for a discussion on special sectors in the areas of infrastructure, natural resources, and real estate.


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ASA Gold & Precious Metals Limited
David Christensen
President, Chief Executive Officer, and Chief Investment Officer

Brookfield Investment Management
Larry Antonatos
Managing Director and Portfolio Manager

CBRE Clarion Securities
Steve Burton
Principal, Co-CIO, Senior Global Portfolio Manager

The Global Investment Landscape: A Look at Fixed Income
Aberdeen Standard Investments
Rennie McConnochie
Head of Global Banks

Brandywine Global
Gary Herbert, CFA
Portfolio Manager and Head of Global Credit


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To ensure investors are better equipped to assess risks and opportunities in the global fixed income space, the Closed-End Fund Association (CEFA) spoke with Rennie McConnochie, Head of Global Banks — Aberdeen Standard Investments, and Gary Herbert, CFA, Portfolio Manager and Head of Global Credit – Brandywine Global.

Portfolio Considerations: Preferred Securities Edition
Cohen & Steers
Brian Cordes
Senior Vice President - Head of Portfolio Specialists


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With investors’ increasing appetite for income-generating investment vehicles, Brian Cordes, Senior Vice President - Head of Portfolio Specialists at Cohen & Steers, discusses preferred securities and two of Cohen & Steers’ closed-end funds, Select Preferred & Income, symbol PSF, and Limited Duration Preferred & Income, symbol LDP.

Ireland – A Closer Look at Investment Opportunities within Europe
New Ireland Fund
Noel O'Halloran
Chief Investment Officer — KBI Global Investors
Portfolio Manager — New Ireland Fund


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CEFA speaks with Noel O’Halloran, Chief Investment Officer with KBI Global Investors and Portfolio Manager of the New Ireland Fund, taking a closer look at Ireland, what’s by many, an underappreciated investment opportunity in the European market.

Infrastructure & Energy Outlook: Reflecting on Harvey & Puerto Rico
We gathered a panel of energy and infrastructure experts for a discussion about their respective market segments at large, touching on what’s followed the recent string of storms in our homeland and the neighboring Caribbean.


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Chris Eades
Managing Director, Portfolio Manager — ClearBridge Investments

James E. Pass
Senior Managing Director, Municipal and Infrastructure Sector Manager & Portfolio Manager — Guggenheim Partners

Rob Thummel
Managing Director and Portfolio Manager — Tortoise

An Outlook on Global Debt Markets
Nuveen
T.R. Findlay
Closed-End Fund Specialist


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A conversation with TR Findlay, Closed-End Fund Specialist at Nuveen, and Jeff Schmitz, Senior Vice President and Portfolio Manager at Nuveen Asset Management, about:

• The Global High Income Fund, Ticker JGH
• Bottoms up-driven Purchasing
• Currency Exposure & More

CEF REITs: The Growing and Global Appeal of Real Estate
CBRE Clarion Securities
Steve Burton, CFA
Co-Chief Investment Officer & Senior Global Portfolio Manager            


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A conversation with Steve about:
• Why incorporating real estate in your portfolio
• Outlook and areas of opportunity
• Active vs. passive investing in REITS
• Benefits of the CEF structure when investing in REITs

Steve has 32 years of real estate investment management experience. He is co-chief investment officer and a member of CBRE Clarion Securities’ management committee. In addition, Steve is a senior global portfolio manager and co-leader of the European real estate securities research team.

Themes, Trends and Opportunities in Emerging Markets
Aberdeen Asset Management
Rennie McConnochie
Head of Global Banks


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A conversation with Rennie about:
• Positive developments in the emerging markets (EM)
• Outlook and areas of opportunity
• Active vs. passive investing in EM
• Benefits of the CEF structure when investing in EM

Rennie has 30 years of experience in the investment industry. He is head of the Global Banks distribution channel at Aberdeen and also country head of Switzerland. Before joining Aberdeen, Rennie was a partner at RP Capital, an investment advisory company specializing in emerging markets, CEO of Bridgewell PLC, an investment bank in London, and previously responsible for the European equity business and investment research at Merrill Lynch.

A Growing CEF Opportunity in Real Assets and Alternatives?
Brookfield Asset Management
Larry Antonatos
Managing Director & Portfolio Manager


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A conversation with Larry about:
• Reasons for including real assets in your portfolio
• Outlook and implications of a changing market environment
• An active vs. passive management approach
• Potential opportunities for CEF investors

Larry has over 25 years of experience and is a portfolio manager on the Real Assets Solutions team for Brookfield’s Public Securities Group. He oversees the portfolio construction process, including execution of asset allocation.

Opportunities in Fixed Income CEFs
Western Asset
Chris Kilpatrick
Portfolio Manager


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A conversation with Chris about:
• Areas of opportunity for CEF investors
• Investment approach in a rising rate environment
• Using leverage to generate additional income
• Trends in the levels of CEF discounts and premiums

Chris is a portfolio manager and part of Western’s team-based approach to managing their funds. He joined Western Asset in 2003, with prior experience at PIMCO and GMAC Mortgage Corp.

Outlook: Fixed Income Investing After the Fed Rate Increase
Western Asset
John Bellows, PhD, CFA
Portfolio Manager


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A conversation with John about:
• Reasons for the interest rate hike by the Federal Reserve
• Fixed income and economic outlook
• Portfolio construction and diversification
• Impact on CEF investments

John is a portfolio manager, and a member of the Western Asset’s U.S. Broad Strategy Committee and the Global Investment Strategy Committee. Prior to joining Western Asset, John served in high-level advisory positions with the U.S. Department of Treasury.

Energy MLPs: Looking Beyond the Headlines
ClearBridge Investments
Chris Eades
Managing Director & Portfolio Manager


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A conversation with Chris about:
• The Trump presidency and other factors influencing the MLP space
• Outlook and trends in the energy market
• Benefits of using the CEF structure with MLPs

Chris joined ClearBridge in 2007 and has 24 years of investment industry experience. He co-manages multiple energy MLP strategies.

Outlook for Small-Caps: Value, Active Management & CEFs
The Royce Funds
Francis Gannon
Co-Chief Investment Officer & Managing Director


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A conversation with Francis about:
• The dramatic rebound in small-cap stocks in 2016
• The outlook and opportunities in 2017
• Active management in a value-lead market
• Why the CEF structure is good for small-caps

Gannon joined Royce Funds in 2006 and has more than 24 years of industry experience. He serves as the co-chief investment officer and is a member of the executive leadership team at Royce.

Income Investing in the Emerging Markets
Diversifying Beyond Traditional Fixed Income Exposures

Western Asset
Chia Liang Lian, CFA
Head of Emerging Market Debt


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A conversation with CL about:
• 2017 emerging markets (EM) fixed income outlook
• Potential impact of the U.S. presidential election and trade agreements
• Trends in the EM
• An active vs. passive investment strategy in the EM

CL Lian joined Western Asset, one of the world's largest fixed income managers, in 2011 and has more than 20 years of experience investing in the emerging markets.

Demystifying the Complexities of Investing in CEFs
Practical Insight Into Timely Financial Concerns

Investment Partners Group
Frank Abella, President & CEO
Gregg Abella, AIF®, Co-Princpal & Portfolio Manager


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Frank and Gregg discuss:
• The many options available to take advantage of the CEF structure
• Their selection process and what to keep in mind when analyzing CEFs
• A comparison of CEFs with ETFs and open-end mutual funds

Investment Partners Asset Management is a registered investment adviser and a fee-based advisory firm based in New Jersey.

Generating Income: Why Global Bonds?
Brandywine Global
Gary Herbert, CFA
Portfolio manager & Head of Global Credit


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A conversation with Gary about:
• Delivering value to investors in a challenging market environment
• Managing currency exposure and outlook
• Why using a CEF to access global bond markets
• Discount trends in global bond CEFs

Gary is head of the Global Credit team and manage a select group of global credit strategies. He joined Brandywine Global in March 2010, bringing with him over 20 years of high yield experience.

A Closer Look at Canada – Investment Opportunities North of the Border
Morgan Meighen & Associates
Jonathan Morgan
Executive Vice President


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A conversation with Jonathan about:
• Investment opportunities in Canada
• Outlook for the Canadian markets, economy, and currency
• Why using an actively managed CEF vs. a passive strategy in Canada

A Principal of the firm, Jonathan’s responsibilities include investor relations, portfolio management, security analysis, strategic planning and business development.

Opportunities for Finding Income
ClearBridge Investments
Peter Vanderlee, CFA
Managing Director & Portfolio Manager


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Peter highlights:
• Where he sees opportunity for income
• Why investors should care about companies that pay dividends
• What sectors look attractive
• Why using a closed-end fund structure

Peter is a member of the Income Solutions team and co-manages the Dividend Strategy products. He joined a predecessor firm of ClearBridge Investments, an independent affiliate of Legg Mason, in 1999.

Investing in Healthcare and Biotechnology
TEKLA Capital Management LLC
Daniel R. Omstead, PhD
President & Chief Executive Officer


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Dan discusses:
• The appeal of the biotechnology sector
• Opportunities in pre-public venture companies
• The Affordable Care Act and other factors influencing healthcare investing
• Why TEKLA is using a closed-end fund structure

Daniel joined TEKLA in 2000 and is also president of Tekla Healthcare Investors, Tekla Life Sciences Investors, Tekla Healthcare Opportunities Fund and Tekla World Heathcare Fund. Previously, he spent 21 years in the biotechnology and pharmaceutical industries.

CEFA Conference Call
December 9, 2015


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Featuring:
• Jon Diorio, BlackRock
• Cara Esser, Morningstar
• Anne Kritzmire, Nuveen Investments

An Outlook on the U.S. Energy Renaissance
Goldman Sachs Asset Management
Kyri Loupis
Managing Director & Portfolio Manager


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Kyri discusses:
• A review of the Energy sector
• Implications to each part of the value chain due to the decline in oil prices
• Long-term outlook for oil and energy infrastructure
• Potential benefits of using an MLP CEF

Kyri is the Head of Energy and Infrastructure team and oversees investing in the Master Limited Partnership (MLP) and MLP-related sectors. Kyri joined Goldman Sachs in 2009 to create and launch a dedicated MLP investment platform. Full Bio

An Invitation to the Advisor Summit
Anne Kritzmire
Managing Director, Closed-End Funds & Global Structured Products
Nuveen Investments


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Anne discusses:
• Benefits of attending the Advisor Summit
• A closer look at the event agenda

A Closer Look at Business Development Companies 
Prospect Capital Corporation (PSEC)
Grier Eliasek
President and Chief Operating Officer 


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Grier discusses:
• Similarities and differences between CEFs & BDCs
• An overview of Prospect Capital
• Why consider investing in a BDC 

Grier is responsible for leading the Prospect team of professionals in the origination and assessment of investments. 

 

Resources

abrdn CEF Investor Center

Asset TV — CEF Channel

CEF Connect

Cohen & Steers CEFs Knowledge Center

Harvest — CEFA Channel

Franklin Templeton CEFs

Seeking Alpha — CEFA Channel


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