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
Bloomberg: Trump Tantrum Sends Muni Closed-End Fund Discount to 1-Year High
Bloomberg's Martin Z. Braun interviews TJH Portfolio Manager Ryan Paylor about discount...
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Bloomberg's Martin Z. Braun interviews TJH Portfolio Manager Ryan Paylor about discounts in the closed-end fund municipals space.

News
All
5 min read
WSJ: Pricing Oddity Has One Manager Advising Clients Not to Buy His Fund
Daisy Maxy and Ben Eisen interview with Erik Herzfeld about the growing number of close...
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Daisy Maxy and Ben Eisen interview with Erik Herzfeld about the growing number of closed-end funds trading at premiums, and where to find opportunity.

News
All
5 min read
WSJ: Lofty Closed-End Premiums Touch Off Alarm Bells
The Wall Street Journal article by Daisy Maxy featuring Erik Herzfeld
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The Wall Street Journal article by Daisy Maxy featuring Erik Herzfeld.

News
All
5 min read
Bloomberg News: Muni Fund Investors Squeezed as Flattening Curve Reduces Payouts
Bloomberg News reports on Muni Fund payouts, featuring Ryan Paylor, PM at Herzfeld Advi...
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Bloomberg News reports on Muni Fund payouts, featuring Ryan Paylor, PM at Herzfeld Advisors, Inc.

News
All
5 min read
Thomas J. Herzfeld Advisors, Inc. Promotes Team Members
The Firm promotes Erik Herzfeld, Ryan Paylor and Brigitta Herzfeld
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The Firm promotes Erik Herzfeld, Ryan Paylor and Brigitta Herzfeld

News
All
5 min read
WSJ: Gross' Exit Plays Havoc with Pimco Closed-End Funds
Gross' Exit Plays Havoc with Pimco Closed-End Funds WSJ
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Gross' Exit Plays Havoc with Pimco Closed-End Funds WSJ

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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