Here’s a surprise from a die-hard closed-end fund (CEF) fan like me: Sometimes CEFs aren’t your best bet. I’ll admit, that’s tough for me to say—especially when the average CEF yields a historically high 9.1%. (CEF yields are usually around 8.5%). That high yield partly reflects the fact that many CEFs are trading at steep discounts to their net asset value (NAV). Translation: The fund is trading for less than what its underlying portfolio is worth. That, in turn, has resulted in lower prices among some CEFs, along with higher yields (as yields and prices move in opposite directions). All…

Week in Review Asian equities were mostly higher for the week as Korea outperformed and Thailand underperformed in a shortened week for Mainland China’s markets due to the market holiday celebrating the Dragon Boat Festival on Monday. Markets cheered the first phone conversation between Trump and Xi on Thursday, during which the two leaders were said to discuss technology restrictions, rare earth exports, and giving the go-ahead to negotiators to hammer out a deal. China reported mixed economic indicators for May as services sectors fared better than manufacturing, according to both the official purchasing managers’ indexes (PMIs) and the private…