Field Notes on
Closed-End Funds

Investment insights and market analysis for institutional investors

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Essential Reading

News
5 min read

★★★★★ 5-Star Overall Morningstar Rating™

Thomas J. Herzfeld Advisors, Inc. is excited to announce it received four 5-Star Overal...
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Thomas J. Herzfeld Advisors, Inc. is excited to announce it received four 5-Star Overall Morningstar Ratings™ for the quarter ended December 31, 2024.

News
5 min read
Bloomberg: Muni Bond Funds Set Up for 20% Gains Even After November’s Surge
Leveraged closed-end funds rallied with broader market Steep discount, Fed cuts, activi...
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Leveraged closed-end funds rallied with broader market Steep discount, Fed cuts, activism seen powering returns

Municipal bond funds that use borrowing as a way to juice returns had a banner month in November, surging almost 12%. Some market watchers say that’s only just the start.

Leveraged closed-end muni funds rallied along with the broader market as evidence of slowing job growth and cooling inflation convinced traders that the Federal Reserve’s rate-rise cycle is over. Further gains may be in store should the central bank pivot to cutting rates next next year, as many now expect.

News
5 min read
Confessions Of A Closed-End Fund Bargain Hunter
Forbes' William Baldwin interviews Erik Herzfeld about opportunities in the closed-end...
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Forbes' William Baldwin interviews Erik Herzfeld about opportunities in the closed-end fund space that are often missed by investors.

News
5 min read
Barron's: Skyward, Mr. Closed-End Fund
Read Article: Thomas J. Herzfeld is interviewed by Barron's and called Mr. Closed-End Fund
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Read Article: Thomas J. Herzfeld is interviewed by Barron's and called Mr. Closed-End Fund.

All Posts

News
All
5 min read
Pensions & Investments: Herzfeld Top Manager
P&I's Special Report names Herzfeld Top Performing Managers of Domestic Intermediate-Du...
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P&I's Special Report names Herzfeld Top Performing Managers of Domestic Intermediate-Duration Fixed Income.  Pensions & Investments' Trilbe Wynne interviews Portfolio Managers Erik Herzfeld and Ryan Paylor, after the firm's Fixed Income strategy places in Morningstar's Top-performing mangers list for overall U.S. bonds category.

News
All
5 min read
Secret Stars: The Quiet but Mighty Mixed Asset Managers
Citywire reports "Funds don’t have to be in the limelight to deliver strong performance...
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Citywire reports "Funds don’t have to be in the limelight to deliver strong performance, as those at the top of the flexible sector ranking show."

News
All
5 min read
Citywire: Boutique of the week: How Herzfeld hunts for discounts
Citywire showcases "a lesser-known manager from a smaller shop running a unique or impr...
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Citywire showcases "a lesser-known manager from a smaller shop running a unique or impressive strategy. Erik Herzfeld explains how he seeks out underpriced closed-end funds."

News
All
5 min read
WSJ: Why It Pays to Write Shareholder Reports Well
WSJ Study shows that a poorly written shareholder report will hurt a share price. Daisy...
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WSJ Study shows that a poorly written shareholder report will hurt a share price. Daisy Maxy, of The Wall Street Journal, interviews Erik Herzfeld.

News
All
5 min read
Citywire: "Research radar: four managers rising up our ratings"
Citywire showcases three eye-catching portfolio managers who have earned a Citywire rat...
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Citywire showcases three eye-catching portfolio managers who have earned a Citywire rating based on their risk-adjusted returns.

News
All
5 min read
Citywire: "Research radar: four managers rising up our ratings"
Citywire showcases three eye-catching portfolio managers who have earned a Citywire rat...
Read more

Citywire showcases three eye-catching portfolio managers who have earned a Citywire rating based on their risk-adjusted returns.

From our desk
to yours, monthly.

Every month we share exclusive insights on closed-end fund opportunities and market trends. A quick, valuable read for institutional investors and family offices.

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